The nature and necessity of digital asset controls

Written By Antony Abell and Pat Rugg of the TPX™ Property Exchanges Group and Cheyenne Mint

In September 2024, the UK government introduced a bill, likely to become law before the end of 2024, to ensure that digital assets “can be considered personal property”. This new bill strives to remove legal uncertainty and so offers clarity as to how digital assets have to be treated in disputes over ownership, such as divorce, liquidations, etc. McKinsey estimates that digitization of assets by 2023 will be $2trillion but could be as much as $4trillion with cash, mutual funds, loans and securitization, and debt instruments leading the way. Therefore it is going to be a growing challenge as regards how you look after digital assets securely and while we are beginning to see global custody services providers such as State Street announcing they are going to offer digital asset custody for some, there is nothing better than looking after your own assets - but how?

Institutional and retail, military grade, hardware wallets storing an assortment of digital assets

(these wallets rely on phy…