Managing digital assets comes with unique challenges that do not arise in traditional assets. What are the biggest differences, and how can asset managers prepare for them?

On this episode of “On Purpose” with Tyrone Ross, Mikael Johnson of accounting firm KPMG explains the unique aspects of digital assets that directly affect a wealth manager. He addresses some of the findings in KPMG's recent report “Crypto as an Asset Class: What Asset Managers Should Know Before Going Crypto.”

Johnson helps to answer pressing questions for asset managers looking to get into crypto, like how to define appropriate cutoff times and how to vet custodians. What needs to happen in the crypto industry before mass adoption can take place?

This show is produced, announced and edited by Michele Musso with additional production support from Eleanor Pahl. Our theme song is “Walk With Swag.”