Custody arrangements are becoming a key part of the infrastructure needed to connect crypto markets with established investment management structures.
The Securities and Exchange Commission (SEC) has proposed new rules and amendments aimed at creating a tailored framework for the custody of crypto assets by registered investment advisers and regulated funds. The proposal would update existing custody requirements under the Investment Advisers Act and Investment Company Act to better reflect current crypto market practices.
The proposed framework would allow crypto assets to be held in self-custody under certain circumstances and enable state trust companies to act as custodians for client and…
