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What are Blockchain Trusts, Trustees, and their activities?

A trust is a safe holding for any of your property, including real estate, digital asset management, investment banking trusts, capital trusts etc. etc. Trusts have vivid uses ranging from personal to commercial reasons; they also assist in estate planning, asset protection, taxes, etc. Trusts can be established during someone's life (by drafting a trust instrument) or even after their death through a will.

A trust can be seen as a generic form of a corporation where the settlors (investors) are the beneficiaries. It is particularly evident in the Blockchain Business Trust, where a "governing trust instrument" is organized to operate your Blockchain Trust like a Investment Banking Trust or a Asset Management Trust but with much higher protection levels for your assets than any regular LLC or corporation. 

 

One of the most significant features of a Blockchain Business Trust is differentiating between the trustee, beneficiaries, and their respective creditors (like trustee's creditors). Hence, creating a safe and "bankruptcy remote" Blockchain Trust can eventually lead to its fruitful use in pensions, mutual funds, asset securitization, and the protection of individual or corporate assets through the registration of your Blockchain Trust.

Trustees

A Blockchain Trust may have multiple trustees, the legal owners of the Trust's property. Still, all of them have a fiduciary duty to beneficiaries and various duties, such as a duty of care and inform. Trustees can also be removed through the legal process if they fail to adhere to these duties. Trustees can be a person or a legal entity (like a company). The trustee's rights and responsibilities vary depending on the jurisdiction and trust instrument. If a trust doesn't have a trustee, a court appoints one.

 

The trustees administer the affairs attendant to the Trust.

 

The Trust's affairs include the following:

 

  1. Carefully investing the assets of the Trust,

  2. Required to maintain, account, and report periodically to the beneficiaries

  3. Depending upon the trust instrument, sometimes trustees take discretionary decisions concerning whether beneficiaries should receive trust assets.

 

A trustee can also be held liable for problems. However, fiduciary liability insurance can be purchased to avoid such impediments.

 

Purpose & Activities

The activities of your Blockchain Trust include, but are not limited to:

 

  1. Digital Asset Management

  2. Custodian & Fiduciary Services

  3. Trust Services

  4. The use of Blockchain Technology to Issue and Track Corporate Shares

  5. To operate as an Investment Banking Trust

  6. To operate as an Real Estate Investment Trust

  7. To run a funding company focused on financial technology tools

  8. To incorporate, participate, manage and supervise enterprises and companies

  9. To render guarantees and to bind the company or its assets on behalf of enterprises and companies with which the company forms a group

  10. To render services to companies and enterprises

  11. To issue commercial assured financial guarantees

  12. To finance enterprises and companies

  13. To lend and to borrow money

  14. To obtain, alienate, manage, and exploit real estate and items of property in general

  15. To exploit, hold, trade, or invest in patents, licenses, know-how & rights of intellectual property

  16. To perform all kinds of industrial, financial, or commercial investment fund activities

  17. To offer Trust services including but not limited to:

    • holding real estate assets

    • holding bond assets in a trust

    • opening investment & trust accounts

    • taking deposits from clients across the world

    • disburse loans

    • invest client's assets on the stock market and

    • provide all investment services as the Trustees find necessary

 

The Trustees are responsible for managing the business and affairs of the Blockchain Trust. It further includes:

  • (1) property (real, tangible, and intangible) is held, managed, administered, invested, and operated; or

  • (2) business or professional activities for profit are carried on by one or more trustees for the benefit of the trustor entitled to a beneficial interest in the Trust property.

  • And to do all that is connected therewith or may be conducive thereto, all this to be interpreted in the broad sense.


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BLOCKCHAIN TRUST ACTIVITIES