Digital assets and Cryptocurrency

Digital assets are not only revolutionising the market, but the way the world works and our interactions within it.

The reach of digital assets spans far wider than cryptocurrency. From non-fungible tokens (NFTs) to virtual land in the metaverse and digital art, assets within the digital sphere are potentially limitless. The management of those assets is an increasingly important consideration.

Whether you’re starting out on your digital asset journey, or are an established player, you will face significant challenges around how your investments are best held and managed.

At Saffery Champness, we will map the issues and navigate you through the solutions and benefits that our bespoke structures can provide.

Challenges of digital assets

As digital asset managers, it essential for us to understand and mitigate the risks involved in digital asset ownership for our clients.

While largely safe from the physical risks and challenges of tangible assets including damage and storage, there are instances where digital assets are tied to physical ones, for example a physical asset NFT or the use of USB flash drive to store keys. Digital assets are also potentially open to the considerable risks of a volatile market and cyberattacks.

The freedoms of digital asset ownership which enticed so many into the market are slowly being narrowed as regulatory authorities catch up. We keep abreast of these regulatory changes across jurisdictions and take on the risk and responsibility of compliance for our clients.

Succession planning is an important consideration when it comes to digital assets. You understand the value and use of your assets, but will your beneficiaries? Holding your digital assets in a trust, or suitable alternative structure, will future-proof them, for example in respect of transferring access, and will remove an unnecessary burden from your beneficiaries.

How we can help

Digital assets are no longer on the fringe of the market and their potential is far from reached. While other service providers may have a limited scope to take on digital assets, our distinctive independent structure allows us complete freedom to explore every avenue.

This autonomy, coupled with our experience in the digital asset sphere, allows us to work with any intermediary, enabling us to connect our clients with specialists across our carefully cultivated global network who are at the forefront of this expanding field.

Our digital asset and cryptocurrency team manage portfolios for ultra-high-net-worth clients and assist clients looking for support for governance-based community and educational projects. We will consider working with most digital assets, where the appropriate infrastructure allows us to effectively manage them, whilst carefully weighing the risks against the potential benefits for our client.

Our team is well placed to help bridge the gap between the digital and traditional realms, including banking and compliance, giving you peace of mind in the process.