DIGITAL ASSETS
First Comprehensive Digital Asset Wealth Management Platform
DIGITAL ASSET WEALTH MANAGEMENT SERVICES
Thanks to Wyoming’s well-structured regulatory framework, Two Ocean Trust is the first financial institution in the U.S. to offer a comprehensive and frictionless digital asset wealth management platform for high net worth individuals, family offices, and advisers. This unique position affords our clients the legal protections and regulatory oversight available only to investors in Wyoming. To have a member of our team speak with you directly about our digital asset services, click here.
FREQUENTLY ASKED QUESTIONS
What do I need to open a digital asset account with Two Ocean Trust?
Two Ocean Trust works with high net worth individuals, family offices and investment advisers. We will need to verify that you meet the standard of accredited investor or qualified purchaser. In addition, Two Ocean Trust complies with all Anti-Money Laundering (AML), Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) regulations. All prospective clients will go through our Know Your Customer (KYC) compliance screening process and provide a valid government ID.
How do I know my digital assets are safe?
Two Ocean Trust is a Wyoming chartered trust company; as such, we are subject to regular compliance examinations by the Wyoming Division of Banking to ensure that we are in good standing and adhering to Wyoming’s regulatory framework. In addition, we have gone through an exhaustive process to identify the highest quality institutional sub-custodians to store our clients’ cryptographic key information. We currently have a partnership with Anchorage, a leading digital asset platform for institutions. Anchorage’s HSM technology provides safe off-line key storage with no manual human operations involved in the retrieval process, air-gap technology to ensure there is no internet-based exposure, and biometric authentication with enhanced outlier detection to codify their processes. In addition, Anchorage carries a $50 million commercial crime insurance policy that covers assets’ entire life cycle.
What are the minimum account/investment requirements?
Two Ocean Trust works with accredited investors or qualified purchasers only and requires a $5 million minimum of investable assets for each relationship. Our minimum initial investment for digital assets is $250,000.
What other requirements do I need to consider, such as residency?
Two Ocean Trust serves both domestic and international clients. Residency in Wyoming is not a requirement to be a client.
How can I access my digital asset account information?
Two Ocean Trust’s online client portal is accessible 24/7 for clients to review their accounts. Clients will also be issued statements by Two Ocean Trust.
How long will it take to set up my account?
Two Ocean Trust prides itself on private client service. Our team is available by email, phone or in-person to initiate your account set up. Once KYC required documentation is received, a digital asset wealth management account can typically be set up within a few days.
What impact do Wyoming’s digital asset laws have on my investments?
As a legal matter, the Wyoming Division of Banking views digital assets in the same light as traditional asset classes, and therefore Wyoming banks and trust companies may properly provide custodial services for virtual currency, digital securities and digital consumer assets. Wyoming has also clearly established the commercial/property law status of digital assets, which is a key prerequisite for banks and trust companies to safely custody digital assets.
Is Two Ocean Trust a Qualified Custodian?
The Wyoming Division of Banking has determined that Two Ocean Trust is permitted to provide custodial services for both digital and traditional assets under Wyoming law. Additionally, the Division finds that Two Ocean may serve as a "qualified custodian." This determination is based on the definition of "bank" in the Advisers Act and the fact that Two Ocean Trust exercises genuine fiduciary services as a substantial portion of its business.