Vadim Romanoff and Shaanil Senarath-Dassanayake consider the risks and rewards of digital assets for family offices in eprivateclient
min readDigital assets have become a genuine allocation question for family offices, but different routes to exposure carry distinct regulatory, tax, governance and operational consequences.
Direct holdings, crypto-focused funds, exchange-traded products, staking, decentralised finance and tokenised assets each require a tailored approach. Family offices should consider issues including anti-money laundering checks, debanking, asset custody and tax before committing capital.
Holding and transferring digital assets also creates longer-term challenges. Increased transaction reporting will give HMRC greater visibility, while succession planning must address both the tax treatment of digital assets and the practical arrangements needed to identify and access them following death or incapacity.
Vadim Romanoff, Partner in our Corporate Tax team, and Shaanil Senarath-Dassanayake, Associate in our Financial Services, Regulation & Funds team, write in eprivateclient:
It is critical that the regulatory, tax, governance, and operational pieces fit together so that the specific structure and route the family office has chosen works coherently as a whole.
Read the full article in eprivateclient here.
