Crypto assets – what trustees and family offices need to know
Introduction
It is a typical scenario: there are younger beneficiaries who want investments to be made into crypto assets, an asset class which did not exist a decade ago, which has a low correlation with traditional assets, which is highly volatile and about which the beneficiaries are very enthusiastic. There are older trustees and board members who are administering a decades old structure, who have no idea what crypto is all about and who are therefore quite fearful of entering this brave new world.
In order to bridge this divide, education is paramount. The purpose of this article is to give a very high-level introduction to crypto assets and how to hold them.
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This article was originally published in The International Family Offices Journal.