CoinDCX, a leading Indian cryptocurrency exchange, has announced the launch of Bharat Custody, a central depository designed to enhance security and trust within the Indian crypto ecosystem. Unveiled during the Unfold 2024 event, this initiative aims to mimic the transparency and accountability of equity markets. With an investment of ₹50 crore in research and development, Bharat Custody will offer encryption, AI-driven fraud detection, and compliance with local regulations. The solution, expected to launch in early 2025, will serve as a third-party custody provider for digital assets, ensuring secure storage and management. This move aligns with CoinDCX's vision to integrate crypto seamlessly into India's financial framework.