Methods and systems for safe creation, custody, recovery, and management of a digital asset

Embodiments of the present technology pertain to systems and methods for secure creation, custody, recovery, and management of a digital asset. Embodiments include receiving a custody request for a master private key. Embodiments further include dividing the master private key into a plurality master private key portions using a cryptographic algorithm, the cryptographic algorithm comprising a threshold number of the plurality master private key portions necessary for later reconstruction of the master private key, the threshold number of the plurality master private key portions being a subset of the plurality master private key portions. Embodiments further include reconstructing the master private key using the plurality master private key portions on the plurality of individual physical devices, the reconstructing the master private key requiring the threshold number of the plurality master private key portions; and transacting a digital asset by signing a transaction using the reconstructed master private key.