Standard Custody & Trust Company has partnered with wealth management platform L1 Advisors to offer clients a hybrid service that provides discretionary and non-discretionary advice about digital assets.
The initiative will be available to registered investment advisors, wealth managers and family offices.
It combines the security and convenience of qualified custody and the self-sovereignty of self-custody, in an effort to facilitate a more personalised approach to digital asset advisory, says Standard Custody & Trust.
Through the L1 platform, advisors can monitor assets in qualified custody or in clients' self-custodied wallets to provide a broader view of client portfolios. The advisory services can be tailored to suit operational and compliance needs.
Jack McDonald, CEO of PolySign, the parent company of Standard Custody & Trust, says: “L1 Advisors has solved an important challenge within the wealth management space, and we are proud to be partnering with them to help bring a more robust solution to the market via our next-generation digital asset regulated custodian.
“Standard Custody’s conflict-free model perfectly aligns with the ethos of private wealth, and our combined offering gives clients the most secure, qualified custodial services they deserve.”
Miguel Kudry, CEO of L1 Advisors, adds: "This seamless blend of qualified custody and self-custody is an industry first and gives advisors and their clients the assurance they have been looking for so long to advise on digital assets. The future of on-chain wealth management is a hybrid of self-custody and qualified custody, and we are excited to partner with Standard Custody to make that vision a reality."
