A KCB banking hall in Rwanda. It is one of the few banks offering clients custody services. PHOTO | FILE
Large capital requirements coupled with a rigorous licensing process have locked out many banks in Rwanda from venturing into custody services.
A custodian holds securities and other assets in electronic or physical form. Since they are responsible for the safety of assets and securities that may be worth hundreds of millions or even billions of dollars, custodians generally tend to be large and reputable firms.
