Differentiate between a Traditional Prime Broker and a Digital Asset Prime Broker

A traditional prime broker primarily serves clients trading traditional securities, like equities and fixed income, offering services like clearing, settlement, and securities lending. A digital asset prime broker focuses on the cryptocurrency and digital asset space, offering similar services adapted for blockchain technology.

This includes specialized digital asset custody, on-chain settlement mechanisms, and access to decentralized finance (DeFi) protocols, alongside traditional prime services.