Custody & Safeguarding
Bankruptcy-Remoteness
Legal structure ensuring client crypto-assets are not part of the CASP's insolvency estate.
Definition
Bankruptcy-remoteness places client crypto-assets outside the CASP's insolvency estate under home-state insolvency law. Typically achieved via trust structures (Ireland, Luxembourg), separate corporate entities (Germany), or statutory ring-fence provisions (Lithuania). Required by MiCA Article 75.
Regulatory citation