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ARTICLE · 13 DECEMBER 2023

Uncertainties Of Digital Asset Dispositions

Miller Thomson
Miller Thomson
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In the ever-evolving landscape where digital assets play a vital role in corporate, commercial, and financial spheres, the transfer of cryptocurrency as part of different transactions has become commonplace.

CanadaTechnology
Molly Luu
Molly Luu
Anish Kamboj
Anish Kamboj
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Introduction

In the ever-evolving landscape where digital assets play a vital role in corporate, commercial, and financial spheres, the transfer of cryptocurrency as part of different transactions has become commonplace. This includes instances where digital assets are pledged as collateral for loans or transferred through crypto lending agreements.

Scenario 1: Collateral for loans

Certain borrowers are keen on leveraging their substantial digital asset portfolios to secure fiat currency loans. The process of pledging crypto assets as collateral in secured loan transactions can take various forms.

Sometimes, the terms of the loan may necessitate the borrower to pledge digital assets by entering into a custodial agreement. This agreement designates a custodian to assume possession and control of the pledged digital collateral.

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