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A timeless classic in a new way

Yan from Owner.One

81.6% of capital owners do not share details about assets with their family members. They view early disclosure as risky, while understanding that late disclosure is simply impossible. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. In the event of an emergency, conveying all necessary details to family members can be challenging or impossible. Many believe that existing methods are either unreliable or cumbersome. However, the solution can be simple: grab a sheet of paper and a black marker. Write down a list of your assets, capital, and their locations. Make several copies of this document. Use a black marker to obscure different parts of the information on each copy (this can also be done digitally in MS Word). To ensure the information cannot be read through the redactions, photocopy these documents again. Distribute the lists to different family members. Now, your family has crucial information that they can use in a critical moment, but they will need to come together to combine the pieces of the puzzle. Risks: this method is not perfect, but is certainly better than having no plan at all. It works best if the family members are in reasonably good relationships with each other.

Expand

Playing by one side’s rules

Yan from Owner.One

42.8% of wealth owners are not aware of KYC risks and issues related to banks’ KYC (Know Your Client) procedures. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. Don’t get complacent, if you pass bank compliance when opening an account. Banks regularly conduct reviews of their clients and send requests for additional documentation. They may ask for statements or recommendation letters. Get ready for it in advance; otherwise, you may not have sufficient time to gather the necessary documents, leading to the refusal of transactions. To stay ahead, request recommendation letters, annual, and semi-annual statements from all banks where you hold accounts every six months. Typically, bank inquiries cover the current and previous year, and recommendation letters are valid for six to twelve months. To save time, create a template that can be sent to all relevant banks. Most banks accept free-form requests, but some may require you to use their specific templates. In such cases, you’ll need to send separate requests.

Expand

Rhino running

Yan from Owner.One

A rhinoceros runs fast and sees poorly, but its weight makes it a problem for anything in its path. Banks and partners don’t listen to you; they evaluate a person based on their digital profile. Services such as World-Check or Lexis Nexis are the sources of this data. These platforms were created to check counterparties for involvement in illegal financial activities. However, in reality, they contain information on millions of people. These services are often associated with scandals and data leaks, unjust categorization of individuals as suspicious, and the inclusion of data from irrelevant sources, yet they continue to be widely used. Do not leave this issue unattended. Request information about yourself regularly, at least every six months. You don't need to have done something wrong; it's enough for the World-Check algorithm to flag you as suspicious, or for someone in your contacts to be linked to questionable transactions. There's also the risk of database errors or incorrect interpretations. World-Check is a black box that significantly impacts your capital and assets, potentially leading to loan refusals, blocked transactions, denied bank accounts, and even revocation of residence permits or citizenship. Bank compliance departments work solely with documents and digital traces, so if you face unexplained refusals or biased treatment, World-Check could be the reason.

Expand

The rearview mirror or the history of your money

Yan from Owner.One

92% of capital founders underestimate the importance of Source of Wealth Essay (SoWE) with a proof of Continuity of Ownership. They consider it to be a document of little importance. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. Recently, banking compliance procedures have become increasingly stringent, and it is likely that they will only get worse in the future. Primarily, they request documents proving the continuity of ownership. (Continuity of ownership refers to the history of the origin of your wealth). The timeframe for these requests has also changed: initially, regulators were interested in information from the past 6 months, then from the past year, and then from the past 3 years. These days, you may be required to provide data from the past 10 years. If you have not yet recovered your data, each day you wait only worsens your situation, as your data becomes outdated while the depth of bank inquiries increases. If you do not start addressing this now, eventually these two trends will intersect, and you will find yourself in an untenable situation. Start by recovering copies of documents from the past three years and then delve deeper. Recovering some documents may be difficult or impossible, but by starting this process now, you will already be ahead of many. * Continuity of ownership - the history of all your assets

Expand

Red button

Yan from Owner.One

93% of wealth owners admit that they have no understanding of how their family will act in the event of force majeure. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. In the subway, on trains, and at workplaces, there is always a red button for emergencies. In human life, the variations of unexpected events are much greater. Nevertheless, statistics show that 99.2% of wealthy families do not have a precise action plan for emergencies. Have you thought about what you will do and what plan your family will follow if such an event occurs? To avoid being part of this majority statistic, prepare in advance by developing several future scenarios. Even a simple list of basic actions and assets will prepare you and your family for the most unexpected events. Remember to update the plan every six months. In the event of your sudden absence, the survival of your entire family and the preservation of assets will entirely depend on having clearly formulated and planned actions.

Expand

Ski slopes

Yan from Owner.One

Only 4.02% realize that if their bank requests verification of a frozen transaction – they will have just three days to provide the documents. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. A black slope can be easier with good snow than a blue slope with bad snow. Often, the reasons behind account freezes or bank-canceled transactions are not immediately clear. Regulatory criteria for deeming client transactions suspicious are vague. Sometimes, this judgment is made because a client has a large number of diverse transactions. This can lead to a transaction freeze and a request for additional documentation. To avoid this, separate your bank accounts by transaction types, and ideally, conduct different types of transactions through different banks. This reduces the frequency of regular and unexpected requests and helps you manage and respond to bank inquiries. For example, use separate accounts for dividends, current expenses, bonuses, and investment income. This approach saves time, is convenient, and reduces compliance risks. Of course, dividing assets among multiple accounts and banks may increase the complexity of financial planning. Additionally, if you mistakenly mix up the accounts and conduct an atypical transaction, the regulator will likely send you a request.

Expand

Follow the trail

Yan from Owner.One

Private transactions from $134 000 to $4M, often scrutinized for KYC compliance, are mostly initiated by capital founders with assets between $3M and $99M. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. You’ve sent a payment to another country, and it’s taking a long time to reach its destination — this is a common scenario. People check the status of the payment with the sending bank, not realizing that there can be at least four intermediaries involved in the payment chain. If any bank in this chain holds the payment longer than usual, it’s highly likely that you’ll be required to provide more detailed KYC (Know Your Customer) data next time, even if the payment goes through this time. To be prepared and to track your transactions, you can use services to monitor SWIFT payments. These services track the status of your cross-border transactions in real time and notify you of any delays. You can subscribe to paid versions or use free alternatives available online or through Telegram bots. If you don’t want to spend time on this, you can delegate the task to assistant, who can also monitor the transactions. However, keep in mind the risk of disclosing confidential information, as the data will show either the amount or the purpose of the transaction. Additionally, a major drawback of these services is that they provide data only in real time and do not maintain statistics for individuals.

Expand

The “Alien - Own” strategy: securing your family’s future

Yan from Owner.One

92% of additionally surveyed lawyers claimed that in many cases having detailed information about assets is more important than having documents. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. In today’s world, our lives are diversified not only by types of assets, but also by the jurisdictions where these assets are located. Does ownership of an asset give you your own rights and how can we transfer this capital to heirs without causing them headaches? What rules will govern the inheritance of these assets? The simplest solution might be to draft a will for each individual foreign asset located in its respective country. To create this document, you usually don’t need to travel; in most cases, it can be done at a consulate without the other party’s presence. The key is to plan how to transfer this information to your family in the event of an emergency. Keep in mind that inheritance can be a lengthy and costly process, and until it is finalized, your heirs will have limited access to the assets. This poses a risk of improper management, potentially leading to asset loss. Additionally, inheritance may be subject to high taxes in the relevant country, adding to the financial burden.

Expand

A timeless classic in a new way

Yan from Owner.One

81.6% of capital owners do not share details about assets with their family members. They view early disclosure as risky, while understanding that late disclosure is simply impossible. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. In the event of an emergency, conveying all necessary details to family members can be challenging or impossible. Many believe that existing methods are either unreliable or cumbersome. However, the solution can be simple: grab a sheet of paper and a black marker. Write down a list of your assets, capital, and their locations. Make several copies of this document. Use a black marker to obscure different parts of the information on each copy (this can also be done digitally in MS Word). To ensure the information cannot be read through the redactions, photocopy these documents again. Distribute the lists to different family members. Now, your family has crucial information that they can use in a critical moment, but they will need to come together to combine the pieces of the puzzle. Risks: this method is not perfect, but is certainly better than having no plan at all. It works best if the family members are in reasonably good relationships with each other.

Expand

Playing by one side’s rules

Yan from Owner.One

42.8% of wealth owners are not aware of KYC risks and issues related to banks’ KYC (Know Your Client) procedures. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. Don’t get complacent, if you pass bank compliance when opening an account. Banks regularly conduct reviews of their clients and send requests for additional documentation. They may ask for statements or recommendation letters. Get ready for it in advance; otherwise, you may not have sufficient time to gather the necessary documents, leading to the refusal of transactions. To stay ahead, request recommendation letters, annual, and semi-annual statements from all banks where you hold accounts every six months. Typically, bank inquiries cover the current and previous year, and recommendation letters are valid for six to twelve months. To save time, create a template that can be sent to all relevant banks. Most banks accept free-form requests, but some may require you to use their specific templates. In such cases, you’ll need to send separate requests.

Expand

Rhino running

Yan from Owner.One

A rhinoceros runs fast and sees poorly, but its weight makes it a problem for anything in its path. Banks and partners don’t listen to you; they evaluate a person based on their digital profile. Services such as World-Check or Lexis Nexis are the sources of this data. These platforms were created to check counterparties for involvement in illegal financial activities. However, in reality, they contain information on millions of people. These services are often associated with scandals and data leaks, unjust categorization of individuals as suspicious, and the inclusion of data from irrelevant sources, yet they continue to be widely used. Do not leave this issue unattended. Request information about yourself regularly, at least every six months. You don't need to have done something wrong; it's enough for the World-Check algorithm to flag you as suspicious, or for someone in your contacts to be linked to questionable transactions. There's also the risk of database errors or incorrect interpretations. World-Check is a black box that significantly impacts your capital and assets, potentially leading to loan refusals, blocked transactions, denied bank accounts, and even revocation of residence permits or citizenship. Bank compliance departments work solely with documents and digital traces, so if you face unexplained refusals or biased treatment, World-Check could be the reason.

Expand

The rearview mirror or the history of your money

Yan from Owner.One

92% of capital founders underestimate the importance of Source of Wealth Essay (SoWE) with a proof of Continuity of Ownership. They consider it to be a document of little importance. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. Recently, banking compliance procedures have become increasingly stringent, and it is likely that they will only get worse in the future. Primarily, they request documents proving the continuity of ownership. (Continuity of ownership refers to the history of the origin of your wealth). The timeframe for these requests has also changed: initially, regulators were interested in information from the past 6 months, then from the past year, and then from the past 3 years. These days, you may be required to provide data from the past 10 years. If you have not yet recovered your data, each day you wait only worsens your situation, as your data becomes outdated while the depth of bank inquiries increases. If you do not start addressing this now, eventually these two trends will intersect, and you will find yourself in an untenable situation. Start by recovering copies of documents from the past three years and then delve deeper. Recovering some documents may be difficult or impossible, but by starting this process now, you will already be ahead of many. * Continuity of ownership - the history of all your assets

Expand

Red button

Yan from Owner.One

93% of wealth owners admit that they have no understanding of how their family will act in the event of force majeure. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. In the subway, on trains, and at workplaces, there is always a red button for emergencies. In human life, the variations of unexpected events are much greater. Nevertheless, statistics show that 99.2% of wealthy families do not have a precise action plan for emergencies. Have you thought about what you will do and what plan your family will follow if such an event occurs? To avoid being part of this majority statistic, prepare in advance by developing several future scenarios. Even a simple list of basic actions and assets will prepare you and your family for the most unexpected events. Remember to update the plan every six months. In the event of your sudden absence, the survival of your entire family and the preservation of assets will entirely depend on having clearly formulated and planned actions.

Expand

Ski slopes

Yan from Owner.One

Only 4.02% realize that if their bank requests verification of a frozen transaction – they will have just three days to provide the documents. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. A black slope can be easier with good snow than a blue slope with bad snow. Often, the reasons behind account freezes or bank-canceled transactions are not immediately clear. Regulatory criteria for deeming client transactions suspicious are vague. Sometimes, this judgment is made because a client has a large number of diverse transactions. This can lead to a transaction freeze and a request for additional documentation. To avoid this, separate your bank accounts by transaction types, and ideally, conduct different types of transactions through different banks. This reduces the frequency of regular and unexpected requests and helps you manage and respond to bank inquiries. For example, use separate accounts for dividends, current expenses, bonuses, and investment income. This approach saves time, is convenient, and reduces compliance risks. Of course, dividing assets among multiple accounts and banks may increase the complexity of financial planning. Additionally, if you mistakenly mix up the accounts and conduct an atypical transaction, the regulator will likely send you a request.

Expand

Follow the trail

Yan from Owner.One

Private transactions from $134 000 to $4M, often scrutinized for KYC compliance, are mostly initiated by capital founders with assets between $3M and $99M. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. You’ve sent a payment to another country, and it’s taking a long time to reach its destination — this is a common scenario. People check the status of the payment with the sending bank, not realizing that there can be at least four intermediaries involved in the payment chain. If any bank in this chain holds the payment longer than usual, it’s highly likely that you’ll be required to provide more detailed KYC (Know Your Customer) data next time, even if the payment goes through this time. To be prepared and to track your transactions, you can use services to monitor SWIFT payments. These services track the status of your cross-border transactions in real time and notify you of any delays. You can subscribe to paid versions or use free alternatives available online or through Telegram bots. If you don’t want to spend time on this, you can delegate the task to assistant, who can also monitor the transactions. However, keep in mind the risk of disclosing confidential information, as the data will show either the amount or the purpose of the transaction. Additionally, a major drawback of these services is that they provide data only in real time and do not maintain statistics for individuals.

Expand

The “Alien - Own” strategy: securing your family’s future

Yan from Owner.One

92% of additionally surveyed lawyers claimed that in many cases having detailed information about assets is more important than having documents. It is based on 'Penguin Analytics, research of 13 500 respondents from 18 countries, with Net Worth from $3 million to $99 million. In today’s world, our lives are diversified not only by types of assets, but also by the jurisdictions where these assets are located. Does ownership of an asset give you your own rights and how can we transfer this capital to heirs without causing them headaches? What rules will govern the inheritance of these assets? The simplest solution might be to draft a will for each individual foreign asset located in its respective country. To create this document, you usually don’t need to travel; in most cases, it can be done at a consulate without the other party’s presence. The key is to plan how to transfer this information to your family in the event of an emergency. Keep in mind that inheritance can be a lengthy and costly process, and until it is finalized, your heirs will have limited access to the assets. This poses a risk of improper management, potentially leading to asset loss. Additionally, inheritance may be subject to high taxes in the relevant country, adding to the financial burden.

Expand

Yan’s Notes

True Story

Analytics

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True Story

Analytics

How it works

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CLIENTS ONLY

Why Switching to Blockchain Now Is the Best Option For Your Assets and Capital Data?

Image

Traditional tech: labor-intensive, costly and vulnerable.

Blockchain is one step away from mainstream adoption. Crypto is its first real-world use case. By 2025, crypto assets will reach $7.5 trillion. Recent SEC’s approval of spot bitcoin ETF is a green light. It signals that the adoption of it in finance is spreading.

Wealth management is a conservative part of TradFi. Private services and family offices represent the industry. It still runs on old business models, tech setups and processes.

High-net families want more secure suites to manage and transfer wealth data. 


 

It is driven by the following discontents:

  • Outdated tech setups result in costly data maintenance. It also limits direct access to the data and creates room for third-partiy misconduct
  • A labour-intensive process with low-level automatization
  • Storage costs reach up to $180,000 per year.
  • Centralised data registries experience breaches and leaks. This results in private information becoming public.

Capital founders: understand everything. Do almost nothing

  • On average, up to $310,000 of every million dollars of family fortune is lost during transfer. This is due to gaps in asset information
  • Families with $3M–$99M in assets face the highest risk in the transfer, bearing 75% of total losses

These are the Owner.One's conclusions. They come from a research called the Penguin Analytics Report. This comprehensive study surveyed 8,500 capital founders across 18 countries.

It is one of the largest global studies on how the Rich transfer their assets. It evaluates common strategies and risks hidden in them. The report looks at both planned and force majeure transfers from founders to family members.

Thirty-six percent are ready to accept a 10-50% loss for a guarantee that the rest will go to the family. Eighty percent think their family can't understand asset and capital info.

But the paradox is that only 4.5% realize their inaction shifts the burden of asset and capital transfer to their family. This leaves them without means to tackle the issue.

The data reveals a lot of immaturity. It's common among HNW families and individuals. Once they assess the issue, they sharply recognize its importance.

However, no action is being taken afterwards. Only 6% of capital owners have established or are in the process of drafting an Assets and Capital Transfer plan.

At the end of the day, the problem is clear. Founders assess risks from gaps in assets data. They are ready to pay to cover them, but not willing to solve them in advance.

This raises an important question: Why is this the case? 

Founders asset data storage approach: outdated as black&white cinema

  • 97.3% opt for insecure methods to store and update their assets and capital data
  • 68% find it extremely stressful even to consider how to store and reliably transfer information about their assets and capital to family members

Every year capital founders lose up to 1/6 of all their asset history data. That information is difficult or impossible to restore. It's the result of their old-fashioned approach to the thing. 

In 81% of cases, owners handle record-keeping and storage. These are their choices for the task:

  • A box with documents - 24,8%
  • A spreadsheet or a list on paper - 24,3%
  • Cloud storage - 19,8%
  • Haphazardly (randomly, ad hoc) - 18%
  • Partly at a hired professionals’, partly at home - 5,3%
  • My spouse files it. I don't really know how, but I will ask them - 4,9%
  • Other - 2,6%

The data clearly shows why they are in the most vulnerable position during the transfer.

Is there another option?

Today, decentralized tech supports applications in many industries. Its expansion is reshaping traditional business processes and models. In finance, it enables quicker, more secure transactions. 

Recent market studies show the growing use of it. They mark its shift from a new to a key part of global digital infrastructure.

  • But how can it address the challenges of the transfer?
  • How can it ensure 100% safety and ownership of individuals assets and capital data?
  • What are guarantees of direct access to data, once the time comes?
  • Can eliminating intermediaries also remove the associated extra costs?

Let’s go step-by-step to find all ways to use it for assets and capital data filing and storage.

What are the origins? 

Blockchain was designed for Bitcoin users and early cryptocurrency adopters. However, the user base has widened. It now includes businesses, governments, and individuals. They seek new solutions to old problems. These problems are in transactions, data storage, and digital trust.

In Q1 2024, Bitcoin became the eighth most valuable asset globally by marketcap. With a record high of more than $72,000 its market value rose to $1.42 trillion, surpassing silver.

The success of the ETF launch accelerated the adoption of underlying technology. More and more banks and other financial institutions go for it. They see that it meets their need for security and efficiency.

At its core, it is a decentralized digital ledger. It records transactions across a computer's networks. It does so in a way that ensures security, transparency, and immutability.

Traditional ledgers or databases are controlled by a single entity. Blockchain operates without a central authority. It makes it resistant to fraud or breaches.

What is a smart contact?

It offers a new way to handle and secure assets data. For example, it enables the creation of smart contracts. They are self-executing. The code includes terms that cannot be amended.

Smart contracts reduce the complexity and costs of traditional financial services. Instead of relying on a central clearing point, parties exchange private keys. This results in an almost instant transaction. 

The technology by design eliminates the need for intermediaries. It cuts costs and avoids complexity associated with similar services in traditional finance.

Moreover, it provides unparalleled transparency. Clients can track the movement of their assets in real-time. This offers an unseen level of visibility and trust. Transactions are recorded on a blockchain provide a clear, unchangeable history.

It is immutable. Once a transaction is recorded, it cannot be changed or deleted. This gives a secure and accurate history of asset movement and ownership. This feature is very valuable in wealth industry. The crystal-clear level of transaction history is key.

No room for middlemen?

For a long time, family offices and private service providers faced little competition. It led to high entry barriers to and significant fees for their services.

Blockchain cuts costs by reducing reliance on intermediaries. This change is crucial for the new wave of wealthy individuals. Their demands are not met at the moment. 

Data indicated that these groups have low trust in traditional finance (TradFi). They look for cutting-edge technology to obtain full ownership of their assets and capital data future. 

The current level of market penetration for family trusts is 0.4% in the HNW segment. For family offices, it is 0.7%.

How secure is it?

It does not offer total security. But, it offers more security than any other existing technology in the industry. As of now, no cases of technology hacking are known.

In a blockchain, encryption is a cornerstone:

  • All transactions are encrypted. This makes the data unreadable to unauthorized users. Only those with the right keys can decrypt the transaction and view it.
  • Participants sign transactions using their private keys, creating digital signatures. These signatures verify the transaction's origin and integrity. They ensure that the data was not tampered with and confirm the sender's identity.

What is the Use Case for Assets and Capital Data Storage? 

Decentralized tech benefits the assets and capital transfer data handling with two key functions. First, it can digitally encapsulate any asset. Second, it enables data exchange on decentralized networks.

This has opened up new paradigms of asset data allocation and transfer. Founders and their trusted people can exchange data outside conventional structures.

It will let founders store a golden copy of their assets and capital data. They will store it in a decentralized way. What are the benefits? Even if an attacker compromises one server, the information stays fragmented and encrypted. So unauthorized people will not access it.

Is it regulated?

The global regulatory landscape on this topic also continues to evolve across jurisdictions. In the U.S., it is unclear if decentralized ledgers can be the main source for ownership records of registered funds. In contrast, some countries have passed such laws. These countries include Germany, Luxembourg, and Singapore. They officially enable blockchain record keeping.

Smart contracts may also serve as legal proof of the capital founder’s will, if needed.  

From 2018, some US states and EU countries, Switzerland, Singapore, and the UAE started making case law. It treats digital solutions (like smart contracts) as full alternatives to wills.     

The Industry Future Outlook

Banks and financial firms are more and more drawn to DeFi. They use them to improve service and efficiency. They view it as a secure, decentralized safeguard against cyber attacks.

Top financial firms are exploring using blockchain for tokenized assets. This shows a growing trust in decentralized tech. Major banks are adopting it. This is to streamline operations and transfers. The banks include JPMorgan, HSBC, and Goldman Sachs. Meanwhile, emerging fintechs and neobanks explore cryptocurrencies.

BNY Mellon provides cryptocurrency custody and invests heavily in blockchain ventures. TradFi sees it and smart contracts as crucial. They are pivotal for the future of financial services.

But at the moment, not much is seen in utilizing DeFi capabilities for the transfer issues.

Anticipated, yet non-existing solution

  • 71.4% of capital founders are willing to rely on a third party for the transfer. They will do so if it can be done without human involvement. At present, there are no products or services that provide this capability. 

High-nets are eager for a solution to the challenges posed by the transfer. The solution is digital. It can cut out intermediaries and human-related risks using advanced algorithms. 

This vision agrees with the findings in Capgemini's 2023 report. The report envisions a future dominated by digital services under a Wealth-as-a-Service model. At present, no such products are available in the market.

Our research team gathered insights on the service from our target audience. Interviewees outlined the software's objectives as follows:

  1. Storing extensive data on assets: attributes, current, and past metrics. Storing document copies was not a priority
  2. Ensuring safe asset transfer to family or authorized individuals.
  3. Identifying the precise timing for the transfer.

Client apps from brokers, insurers, banks, and payment firms fall short of that needs. They serve as mere communication channels between customers and institutions. Their main aim is to simplify client operations and reduce corporate expenses.

In the research, we found about 240 software programs. Family offices, lawyers, advisors, and other industry actors use them.

Some of them (30%) mimic online products. But, they are really just marketing products. Businesses use them to find clients and direct them into offline interactions.

About 50% are like banking applications. They improve current client communications.

The rest (20%) are marketing products. They promote online investment in finance under the guise of managing family assets and capital.

We found no scam applications when analyzing a random sample of our population (20% of the total). The lack of fraud in this area is, of course, encouraging. There are no fake software programs or apps here. But, that means the industry does not attract any leading actors. Scammers always follow them.

So, we can say the market does not offer any services that:

  • Enable users to create a personal information hub
  • Grant data ownership to the client rather than financial institutions
  • Replace intermediaries by algorithms in family capital information transfer chain
  • Provide secure data storage through encryption and encoding
  • Streamline and secure updates of multitudes of client asset details
  • Avoid directing clients offline or towards digital investments
  • Enable capital founders to timely share their assets and capital information with family members. Tailor it to each family member. There is no involvement of a third party in the transfer. Algorithms orchestrate the process.

What is Owner.One? 

Owner.One provides customers with a private and encrypted digital vault for storing assets and capital data. It’s equipped with algorithmic and just-in-time transfer capabilities, ensuring no third-party involvement. We designed our product for individuals with assets worth $3M to $100M.

In short, it gives you tools to keep records and make assets and capital data transfer-ready. This helps you avoid gaps and losses. 

  • All required data is always transfer-ready
  • Real-time portfolio overview. Across assets classes, jurisdictions, and the Next Owners
  • Secured storage option backed by blockchain. No third party access guaranteed
  • Robust algorithm for automatic data transfer. 100% delivery rate to intended person at the right time 

This approach streamlines processes for lawyers and other trusted people. They help the Next Owners claim their rights to the assets.

What are Owner.One’s key features?

Our service helps capital founders. They can easily prepare data on assets and capital for transfer. They can transfer it to family or other chosen people. 

Here are top-5 features, available only via Owner.One:

  • My Hub: A client-owned repository of assets and capital data, always backed up for security. Get instant access through a secure, personal website. Transfer data to an encrypted vault.
  • Proprietary My Hub: A personal encrypted vault for recording and storing data. Deployment is available through Owner.One or on a client's own server. Continuous access, even if a client chooses to stop using Owner.One's services.
  • Assets attributes: Effortlessly make your assets and capital data 100% transfer-ready. Over 40 asset class presets are designed to help transfers succeed. They contain all the needed attributes. Fast-tracks and permissioned access for trusted assistants, speeding up the process.
  • Personal dashboards: Track portfolio performance in real-time across asset types, jurisdictions, ownerships, and generations. Filter data by currencies, value, liquidity, and other parameters to gain valuable insights.
  • Transfer Algorithms: Control the future of every ownable asset. Set up just-in-time data transfer algorithms. No matter what happens, the information about assets and capital will not be lost. Self-executive 100% rate delivery cuts out intermediaries. The Next Owner will automatically receive everything at the right moment.

Is Owner.One encrypted?

Owner.One operates on a private blockchain. It ensures no third-party can access customer data, not even Owner.One.

  • Within Owner.One, all data is encrypted with a user's unique key. The user keeps this key. It ensures their sole right to decrypt. This ensures that no one, not even Owner.One itself, can access this information.  
  • Multiple independent servers distribute and store data in pieces. The assembly of info happens on the client's device. This adds an extra layer of protection. Even if someone breaches a server, the information remains fragmented and encrypted. Backup copies are also encrypted. They are also stored in pieces on many servers. This offers more protection.

This approach is comprehensive. It puts Owner.One at the forefront of secure data storage and filing, privacy protection, and assets and capital data transfer.

You can learn more on our product page. It provides a step-by-step guide. It explains how Owner.One helps you keep your assets and capital data transfer-ready.

ARTICLE SUMMARY:

  1. The move from traditional to decentralized setup cuts costs. It also boosts security. It addresses long-standing issues of data breaches and high costs.
  2. The SEC approved a bitcoin ETF. This shows the financial sector's growing confidence in adoption distributed ledgers.
  3. A survey of 13,500 capital founders across 18 countries reveals big risks. The risks come from old technology and data gaps. They threaten assets and capital transfer. High-net-worth families loose more than others.
  4. Future belongs to decentralized solutions for managing asset and capital data. It removes middlemen and adds transparency and efficiency to transactions.
  5. Owner.One ensures users own their asset and capital data. It uses blockchain for secure storage. The service enables safe assets and capital data transfer to family and trusted individuals. Advanced algorithms manage the process. There is no third-party involvement.

FAQ:

What is blockchain?

This is tech for data encryption and storage distributed across multiple computers connected in a common network. These data are compiled into a continuous and sequential chain: once data is entered into it, it remains there forever, impossible to delete or modify.

How does it benefit assets and capital transfer?

On average, up to $310,000 of every million dollars of family fortune is lost during transfer. This is due to gaps in asset information. Untimely disclosure also plays a role in it.

Decentralized approach to the task eliminates the problem. It ensures data integrity, immutability, and unchangeability. Smart contracts features enable the creation of self-executive transactions. It cuts out dependance and risks associated with third-parties during assets and capital data transfer.  

What is Owner.One?

A private and encrypted digital vault for storing assets and capital data. It is equipped with algorithmic and just-in-time transfer capabilities, ensuring no third-party involvement. The service is designed for individuals with assets worth $3M to $100M.


 

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