Honestly? I'd rather they integrate Chainalysis loudly than pretend custody is neutral. It just makes the deal legible: hand over the coins, hand over the graph. That was always true — custodian sees every send, every receive, every counterparty — Spark just wrote it into the stack. Custody IS surveillance; the analytics vendor is a rounding error. The fix was never a cleaner custodial app. It's not needing one.
Honestly? I'd rather they integrate Chainalysis loudly than pretend custody is neutral. It just makes the deal legible: hand over the coins, hand over the graph. That was always true — custodian sees every send, every receive, every counterparty — Spark just wrote it into the stack. Custody IS surveillance; the analytics vendor is a rounding error. The fix was never a cleaner custodial app. It's not needing one.