Episode 8: Wallets, Private Keys, and Digital Custody
Episode 8: Wallets, Private Keys, and Digital Custody  
Podcast: Old Men, New Money®: Bitcoin, Blockchain & Tokenization
Published On: Thu Nov 06 2025
Description: Demystifying Digital Wallets and Key ManagementIn this episode of Old Men New Money, Douglas Borthwick addresses the fears traditional investors have about digital securities, specifically focusing on private keys and digital wallets. He explains the importance of digital wallets, how custody works, and why security tokens offer safety advantages over pure cryptocurrencies. Douglas clarifies key concepts such as hot and cold wallets, seed phrases, and multisignature wallets, providing insights on the security and practicality of each option. He also discusses the regulatory landscape for digital asset custody, the role of custodians, and the future developments in the field. Key takeaways include understanding the critical nature of seed phrases, practicing wallet setup, and considering custodial versus non-custodial solutions.00:00 Introduction to Digital Securities00:51 Understanding Digital Wallets03:21 Hot Wallets vs Cold Wallets05:47 The Importance of Seed Phrases07:00 Custodial vs Non-Custodial Wallets09:31 Multisig Wallets for Institutional Custody10:25 Common Mistakes and Best Practices11:32 Popular Wallet Options12:45 Regulatory Perspective on Custody14:53 Future of Digital Custody16:04 Practical Steps for Secure Custody16:58 Conclusion and Next Steps Get full access to Bitcoin, Blockchain and Tokenization at oldmennewmoney.substack.com/subscribe