Trust companies resist crypto assets from wealthy individuals

Trust companies are hesitant to accept assets from wealthy individuals who profited from cryptocurrency due to money-laundering risks and price volatility. The Financial Times reported that both crypto holdings and cash from their sale are challenging to verify regarding their origin. Trust companies, responsible for long-term asset management for future generations, worry about potential fiduciary disputes if crypto prices decline sharply. In the UK, 13.8 billion pounds (18.1 billion dollars) worth of cryptocurrency was sold from May 2024 to April 2025, with around 250 individuals earning over 1 million pounds (1.3 million dollars) from these sales. Some trust companies are addressing this demand by specializing in crypto-related assets and employing tools to track transaction histories.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.