Market participants are currently facing unprecedented volatility in this rapidly evolving sector. Several recent high-profile insolvencies have sent shockwaves through the digital asset space, in which the implications for restructuring remain largely unchartered territory.
With the rise in popularity of cryptocurrencies now reaching millions of retail customers and with the majority of digital asset firms operating via opaque off-shore corporate structures, identifying, tracing and securing digital assets has become a primary focus for advisors, particularly within insolvencies.
Furthermore, the regulatory and political landscape continues to evolve and, given recent market failures, it is expected that the sector will face increasingly stringent regulation which will pose operational and financial challenges for incumbent market participants.
Teneo's global footprint and partnerships with external crypto specialists ensure that we can offer our clients unrivaled support across all key international financial centers, including offshore jurisdictions. As an independent firm, we are able to move swiftly and engage stakeholders to preserve value in times of uncertainty.