News & Events

Partner Justin Browder was quoted in a Hedge Fund Law Report article titled, “SEC Crypto Roundtable: Digital Asset Custody Challenges (Part One of Two),” which outlined takeaways from the SEC Crypto Task Force’s April 2025 roundtable on digital asset custody by investment advisers and investment companies, in which Justin participated as a panelist. When discussing some of the current challenges private fund advisers face with regard to custody of digital assets, he observed that an adviser has a fiduciary duty of care to make investments that are in the best interests of a fund and its investors. However, “there are very few firms that meet the definition of qualified custodian and provide custodial services for digital assets.” Justin went on to note, “The dearth of qualified custodian options makes compliance with the Custody Rule challenging for those advisers that have a mandate to engage in digital asset-related strategies.”

To read the full article, please click here (subscription required).