Putting Trust in Digital Assets
Know Your Asset (KYA)
Opportunity
Total Value in De-Fi
Hedge funds expect to shift 7% of their assets to Digital assets in the next 5 years – OECD
Ownership Vs Custody & Possession
There is currently no means to identify and validate an owner’s claim to digital assets via a registry or immutable ledger.
Challenges
Pseudo Anonymity
Many investors use private wallets, motivated by Privacy, Security and Tax concerns. Others use Centralized exchanges leaving them exposed to scams, or insolvencies with little recourse
Security Risks
Persistent security threats due to the evolving and still immature nature of many components of the ecosystem
Time to Resolution for Hacks or Breaches
While Law Enforcement are becoming are increasingly effective at identifying and seizing assets, these efforts can often take years to resolve
Limited Insurance Options
Even when options are available, limited protections exist, with no private wallet insurance options
Our Addressable Market
Investors
- Cost Effective Risk Management
- Confidence in Investments – KNOW YOUR ASSET (KYA)
- New Market for Distressed Assets
Custody Providers
- Mitigate Reputational Damage
- Differentiate from Competitors
- Provide transparency to authorities
Insurance Companies
Access to data to underwrite insurance for the industry, and use distressed market to offset losses
Law Enforcement/ Government Agencies
- Streamline Return of Proceeds to Victims
- Enhance Ability to Negotiate with Bad Actors
- Monitor Payments to recipients to ensure adherence to purpose of funds – KNOW YOUR ASSET (KYA)
Legal Firms
- Liquidations, Bankruptcy, Insolvency & Class Actions
- Estate Planning, Dispute Resolution