Service 05
Treasury & operations
Policy, custody architecture, counterparty risk and a runway number you can defend to a board.
Why this is hard
Runway denominated in a volatile asset is not runway. A treasury holding its own token has a reflexivity problem most models ignore, and counterparty risk did not stop being real when the last cycle ended — exchange failure remains the single largest operational risk most digital-asset businesses carry, and point-in-time reserve reports are weaker evidence than they appear.
What we do
Inside this service.
Treasury policy
Eligible assets, concentration limits, venue whitelist, signing thresholds and escalation — written for board adoption.
Custody architecture
Self-custody, qualified custodian, MPC or multisig, chosen against your actual control and audit requirements.
Counterparty due diligence
A scorecard for exchanges and custodians, including how to read the reserve reports they publish.
Runway and sell-down
Scenario runway including a severe drawdown, with a sell-down calendar rather than ad-hoc decisions.
Stablecoin operations
Issuer and reserve diligence, depeg contingency, and settlement reconciliation that keeps up with the rail.
Banking access
The source-of-funds narrative and flow-of-funds documentation that banking applications actually turn on.
Tell us what you are holding, and where.
We will tell you what applies to you, what is already late, and what it takes to fix. In Dubai, Dublin, London or Tokyo, in person if you prefer.