- 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 indiviual 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.
What is the benefit of transferring your digital assets from an exchange or cold wallet to institutional custody?