Our advisory team breaks down the essential compliance frameworks for modern institutions operating globally.
Multi-asset banking — the practice of holding and transacting across fiat currencies, digital assets, commodities, and tokenised securities under one institutional umbrella — is no longer a niche ambition. It is rapidly becoming the competitive baseline for global banks seeking to serve the next generation of corporate and institutional clients.
Yet the compliance challenge it presents is formidable. Regulators across the world are at different stages of building frameworks for digital asset custody, tokenised securities settlement, and crypto-fiat conversion — and the resulting patchwork of rules creates significant risk for institutions operating across borders.
The Financial Action Task Force (FATF) Travel Rule, for example, now applies to virtual asset service providers in most major jurisdictions, requiring the transmission of originator and beneficiary information alongside transfers. Banks integrating digital asset desks must ensure their systems can collect, verify, and transmit this data in real time — often across counterparties with heterogeneous technical infrastructure.
Capital treatment of digital assets remains another critical consideration. The Basel Committee's prudential standard for cryptoasset exposures — effective from January 2026 — imposes conservative risk weights on unbacked cryptoassets, creating a significant balance-sheet cost for banks seeking to hold these positions.
Nolas Capital's compliance advisory practice helps institutions design the governance structures, policy frameworks, and technology integrations needed to operate confidently in a multi-asset environment. Our approach starts with a jurisdictional gap analysis, mapping each client's intended product set against the relevant regulatory requirements in each operating geography.
From there, we support the build-out of internal controls, staff training programmes, and regulatory reporting infrastructure. The goal is not simply to achieve compliance — it is to build a compliance capability that is sustainable, scalable, and positioned to adapt as the regulatory landscape continues to evolve.
