This is an unfortunate story and I’m sure that there are many others who have lost access to their assets in a similar way! Back in 2014, there may not have been as many readily accessible custody solutions for individuals holding digital assets. With the recent rise in the crypto market, and this asset class becoming a more popular investment route, we are now seeing so many options for individuals who want to build a crypto portfolio which allows them to avoid the risk of holding the physical hardware, whether this be an individual who is interested in playing around with small amounts or big investors.
Here at Saffery Trust we have a dedicated digital assets team and we find custody solutions to suit our clients, without the risk of holding any hardware. We work with various trusted custodians who offer a mixture of hot and cold storage options to allow for easy and quick trading or long term custody.