Key Considerations When Working With Clients Holding Crypto

In the days following the collapse of FTX, one of the most well-known crypto custodians in the world, more than 220,000 bitcoin, with a value in excess of $3.5 billion, were withdrawn from crypto custodians.¹ As more crypto and blockchain-based assets (crypto assets) flow into self-custodied solutions, practitioners must understand how to plan for the succession of not only institutionally custodied crypto assets but also self-custodied crypto assets. Here’s what practitioners need