According to the Financial Times, an increasing number of high-net-worth individuals who are building wealth through Bitcoin and other cryptos are being refused by traditional trust companies when they seek to set up offshore trusts for tax planning and wealth succession arrangements. Trust institutions are mainly concerned about difficulties in verifying the source of funds, potential money-laundering risks, sharp fluctuations in asset prices, and trustee-responsibility issues such as the loss of private keys. The report says that some trust institutions that specialize in serving digital-asset clients are taking on such business by using on-chain analytics and strengthening compliance reviews, but most mainstream trustees remain cautious, worrying that they could face legal and reputational liability in the future due to the source of Crypto assets or significant depreciation in value.