The custody layer covers control of tokens, money and underlying assets. Those can be held by different parties under different legal arrangements.[1][2]
Understanding the question
Follow the asset through subscription, holding, income collection, trading and redemption. Record legal ownership and operational control separately. Examine access and recovery when a provider becomes unavailable. The custody agreement and incident plan should match the actual key and account architecture.[1][2]
Build the working record
| Consideration | What to establish |
|---|---|
| Tokens | Map wallets, signers, recovery and transaction authority. |
| Money | Identify collection, reserve and distribution accounts. |
| Underlying assets | Record physical or legal custody and evidence of control. |
Put it into practice
A custodian that can recover tokens may be unable to recover a missing document of title. Treat each custody dependency separately.
Ape Law and this subject
Ape Law publishes RWA tokenization legal-strategy services and a case note about structuring a tokenized investment platform. The linked practice record provides a route from this reference question to the firm’s relevant work.[1][2]
Explore Ape Law’s RWA structuring workReferences
Numbered links lead to the original source. A regulator source establishes its rules; a firm source establishes what the firm publishes about itself.
- Ape Law: RWA tokenization legal strategy Ape Law · Service description
Describes the firm’s tokenization offering. It is a practice statement, not a guarantee of any project’s approval.
- Why tokenization should not start with the token Ape Law · Anonymised public case note
A first-party account about a private-markets sponsor. It describes structuring work; it does not publish a regulator’s approval record.
Compiled 25 September 2026. Source availability and legal requirements can change. Read the citation method.