Crypto Millionaires Seek Offshore Trusts Amid Fiduciary Concerns

Wealthy crypto investors are increasingly seeking offshore trusts to preserve their assets across generations and reduce inheritance tax exposure.

However, trustees remain reluctant to accept digital assets due to concerns over price volatility, custody risks, and difficulties verifying the source of funds.

The Financial Times reported that lawyers and trust advisers are seeing more requests from individuals who made their fortunes through cryptocurrency trading and now want to move some of that wealth into conventional trust structures.

Clients often sell their tokens before placing the proceeds into a trust, but even then, trustees can be cautious. Some clients instead seek trust assets invested in crypto.