Debevoise & Plimpton Discusses Custody of Digital Assets

Interest in cryptocurrencies and other digital assets on blockchains or distributed ledgers[1] has increased exponentially in recent years. The total market capitalization of cryptocurrencies and other digital assets on blockchains increased from slightly more than $17.5 billion in January 2017 to an all-time high of more than $813.5 billion in January 2018. While prices and market capitalization have dropped significantly since then, readings in the neighborhood of $135 billion as of late November 2018 still suggest significant, longer-term interest in digital assets for investment and other purposes.[2]

Significant uncertainties remain, however, in applying existing laws, regulations and practices … Read more