A viewer asked: If on boarding does your crypto need to be in a cold wallet under the LLC in order to bring it over, can it be done from a personal wallet? This recording is Jake Claver's answer, in full and unedited.
Also coveredcold wallet, capital contribution, institutional custody
Looking for the full answer to “qualified custody for digital assets”? It is written up here: XRP Institutional Custody – Easy Withdrawal or Not?.
What this recording covers
Claver explains whether digital assets must be stored in a corporate cold wallet prior to onboarding into institutional custody. He clarifies that onboarding does not require an existing entity cold wallet, as individuals can initiate transfers directly from a personal wallet. Furthermore, a personal wallet transfer can serve as the formal capital contribution when funding a corporate custody account. While Claver advises setting up a limited liability company to manage substantial digital asset holdings, he notes that individuals who meet account minimums can onboard under personal accounts if they choose not to establish an entity immediately. This approach allows holders seeking institutional safeguards and custody assurances to transition their holdings directly while deciding whether and when to formalize a dedicated corporate entity.
Where this fits
This page hosts a recorded video and a short summary of what it covers. It is general information, not investment, tax, or legal advice, and not a recommendation to buy or sell any asset or to form any entity. Rules change and older recordings may describe a position that has since moved. Speak to a qualified professional before acting.