Written by
Andy Martinez, CFA
Founder
Topics
Allocators
Liquid Funds
Research
Benchmarks
Operational Diligence
Industry Research
October 15, 2025

Institutional Execution in Digital Assets

We’re pleased to announce the publication of our latest institutional research paper, Institutional Execution in Digital Assets, developed in partnership with Bitwise, Superstate, Securitize, Arca, SatoshiSafe, and Cantina.

Built on detailed conversations with allocators, fund managers, and service providers, the report maps out exactly how institutions are approaching digital asset exposure, from spot ETFs and hedge funds to tokenized vehicles, through familiar governance and risk frameworks.

Key findings

  1. Institutional execution depends on process, not just performance
  2. Counterparty and custody controls define credibility
  3. Business resilience is now a core diligence factor
  4. Standardization is accelerating institutional allocation

Inside, institutions will form a better understanding for core principles and risks when executing strategies across digital assets. They will hear directly from leading institutions on how they think through core risks, and how various operational considerations factor in to various product types.

Why It Matters

Institutions are transitioning from asking whether to participate in digital assets, to how to do it responsibly.

The report outlines frameworks that make participation sustainable over time, covering counterparty diligence, custody and wallet management, business resilience, insurance, and cybersecurity, each critical to operational readiness.

Allocators will find detailed sections on execution timelines by institution type, best practices from early adopters, and a deep dive into FirmIQ™, CIG’s standardized framework for operational due diligence across digital asset managers.

👉 Download the full report here

Special Thanks

We’d like to extend our gratitude to the contributors, partners, and industry experts who provided insights and support for this report:

  • Bitwise
  • Superstate
  • Securitize
  • Arca
  • SatoshiSafe
  • Cantina