Acting as custodian or nominee holder of a virtual financial asset and, or private cryptographic keys; or holding a virtual financial asset and, or private cryptographic key as nominee, where the person acting as nominee is so doing on behalf of another person.

This class licence authorises licence holders to receive and transmit orders on behalf of others and also hold or control clients’ assets or money.

Custodians are responsible for ensuring good record keeping and segregation of clients’ assets and must also appoint a compliance officer.