- Insurance – If you work with us at Digital Ascension Group, you’ll receive the benefits of our relationship with Polysign and Standard Custody & Trust. Our vaults, located under their institutional grade security, are able to provide up to $50 million insurance
coverage per person. This amount that is unlikely to be matched by other providers. While you may obtain some insurance coverage for your assets, it is unlikely to be as substantial. - Established Beneficiaries – If you have taken the necessary steps by transferring your digital assets into a trust or an LLC, establishing an operating agreement, and perhaps having a will in place, it still doesn’t guarantee complete protection. In situations where an individual passes away, a bank, an IRA, or another fiduciary may have held funds for them. The beneficiaries listed on that account or the individuals who received the money didn’t have to go through probate. That’s how it functions, and ideally, the same principle would apply to your digital assets as well.
- Leverage / Loan Against Assets – You possess verifiable ownership of your assets, and this ownership can be observed by a third party with whom you could collaborate to leverage your assets. At the Digital Family Office, we are working on establishing favorable terms with fiduciaries to enable leveraging against your digital assets held with the qualified custodian. We utilize Polysign / Standard Custody & Trust for this purpose. Once we have negotiated these terms, we can offer loans backed by your assets. These are the three reasons why this approach is advantageous: first, it provides insurance coverage; second, it ensures smooth transfer of your assets to your beneficiaries or desired recipients upon your passing; and lastly, it offers proof of funds, allowing you to obtain loans using your assets as collateral.
Disclaimer
The information in this article is for educational purposes only and is not financial, legal, or investment advice. While we strive for accuracy, we make no guarantees about the reliability or completeness of the content. Cryptocurrency investments are speculative and volatile. Market conditions, regulatory environments, and technology changes can significantly impact their value and associated risks. Readers should conduct their own research and consult a qualified financial advisor or legal professional before making investment decisions. We do not endorse any specific cryptocurrency, investment strategy, or exchange mentioned in this article. The examples are illustrative and may not reflect actual market conditions. Investing in cryptocurrencies involves the risk of loss and may not be suitable for all investors. By using this article, you agree to hold us harmless from any claims, losses, or liabilities arising from your reliance on the information provided. Always exercise caution and use your best judgment in investment activities. We reserve the right to update or modify this disclaimer at any time without prior notice.
