ICPUSDT
ICP / Tether USD
crypto Composite

I have looked into these big players and tried to figure out my own competitive advantage. The difference might lie in the ICP; while Aladdin focuses on BlackRock, I will create a product for the HNWI and Family Office segment, and I wonder if building a 'real-time' product would be the key differentiator.

That's exactly how it works, ckBTC is an ICRC token on ICP that's backed 1:1 with real BTC. The backing is where the chain-key cryptography comes in, as it allows the ckBTC contract to actually hold the Bitcoin natively.
The ICP ledger is what manages ckBTC balances for users, which allows it to be integrated with DeFi on ICP. If I have a ckBTC balance on ICP and the private key corresponding to that ICP address is compromised, then the attacker can transfer my ckBTC away from me. The chain-key cryptography means that those ckBTC are backed by real BTC, but that doesn't help me if I no longer control the tokens.

You're talking about how the BTC keys are stored, which makes no difference if someone is able to steal my ckBTC tokens because my ICP private key was stolen.

Ah yes, somehow ICP is going to protect us from having our private keys stolen. Please share more of your boundless wisdom.

I have looked into these big players and tried to figure out my own competitive advantage. The difference might lie in the ICP; while Aladdin focuses on BlackRock, I will create a product for the HNWI and Family Office segment, and I wonder if building a 'real-time' product would be the key differentiator.

That's exactly how it works, ckBTC is an ICRC token on ICP that's backed 1:1 with real BTC. The backing is where the chain-key cryptography comes in, as it allows the ckBTC contract to actually hold the Bitcoin natively.
The ICP ledger is what manages ckBTC balances for users, which allows it to be integrated with DeFi on ICP. If I have a ckBTC balance on ICP and the private key corresponding to that ICP address is compromised, then the attacker can transfer my ckBTC away from me. The chain-key cryptography means that those ckBTC are backed by real BTC, but that doesn't help me if I no longer control the tokens.

You're talking about how the BTC keys are stored, which makes no difference if someone is able to steal my ckBTC tokens because my ICP private key was stolen.

Ah yes, somehow ICP is going to protect us from having our private keys stolen. Please share more of your boundless wisdom.