Cryptocurrency and trusts/foundations

Hey,

Trust or foundation can own crypto assets and all basic principles are the same as owning any other assets by trust of foundation. Generally set up model mainly depends on the tax residency country of the UBO.

In most countries, if the foundation is revocable and non-discretionary (i.e. beneficiaries can manage the foundation) ”“ it becomes tax transparent. The same “transparency” might be applied to legal claims.

Of course, all depends on nationalities, circumstances, and purpose, but generally discretionary and irrevocable foundation with proper structuring in the country which is not part of the Lugano convention (relevant for legal claims) works well for significant size asset management. It allows to distance a person from the assets, protects privacy, taxes on capital gains doesn't apply, and protects assets from legal claims.

A properly done structure is rather expensive to set up and maintain.