This podcast episode delves into the intricate world of Bitcoin custody, highlighting innovative solutions such as segregated UTXOs and Custodia Bank's approach to digital asset custody. The discussion explores the concerns and challenges surrounding federal bankruptcy court's exclusion of banks, regulatory hurdles, and the future of banking in light of the rise of digital assets and tokenization. Experts analyze the complexities of fractional reserve banking, stablecoins, and potential risks to the banking system. The episode emphasizes the importance of transparent and ethical practices in Bitcoin custody, urging for increased customer protections and regulatory clarity.