CoinSwitch has officially launched DigiVault on March 17, rolling out a crypto custody platform aimed at a gap that has persisted in India’s digital asset market. The service is designed for high-net-worth individuals, institutions, and family offices, extending CoinSwitch beyond retail trading and into infrastructure built for larger pools of capital.
A custody push beyond the retail market
Retail users remain central to the broader crypto ecosystem, but DigiVault is positioned for clients with more complex storage and governance needs. CoinSwitch presents the product as core digital asset infrastructure rather than a simple wallet service, with an emphasis on long-term management of virtual assets. That matters in India, where access to formal custody options has lagged behind growth in user interest.
Fireblocks integration brings MPC-based security
DigiVault is working with Fireblocks, a global digital asset custody and transfer platform. According to the source material, Fireblocks has processed more than $10 trillion in transactions across 150+ blockchains and uses Multi-Party Computation, or MPC, technology. CoinSwitch says this setup reduces single points of failure in key management and strengthens protection against cyber threats, while also aligning the service with local regulatory expectations.
Built for individuals, institutions, and developers
The platform separates its offering by user type. Individuals are offered secure long-term storage for coins. Institutions get treasury management tools with team-based approvals, a feature often required in organizational workflows. Developers, meanwhile, can access components intended for Web3 projects. CoinSwitch also says local support is available 24/7, a practical detail for businesses and technical teams that need ongoing operational help.
Tokenization and compliance are part of the pitch
DigiVault is also being positioned around tokenization use cases as more real-world assets move on-chain. The company says the platform supports secure token creation and management while keeping operations straightforward under applicable rules. On compliance, CoinSwitch states that DigiVault follows FIU-IND and PMLA guidelines, with identity checks, transaction monitoring, and reporting built into the workflow. In that structure, custody is being linked more closely with investing and trading services.
India’s market is growing, but policy questions remain
The source notes that virtual asset adoption in India continues to rise, even as reliable custody choices have been limited. DigiVault is framed as a response to that weakness, especially for larger investors looking to manage risk through recognized storage infrastructure. At the policy level, though, the legal framework is still incomplete. Lawmaker Raghav Chadha recently called for formal legislation, noting that virtual assets are taxed but not legally recognized. Government action so far has focused on taxation and market oversight, alongside progress in blockchain initiatives and the digital rupee.