Takeaways from the speakers:

"We have our own proprietary accounting investor support technology, which we were able to adapt for the digital asset environment. So now we service approximately 700 digital asset funds." - Chris Meader, head of fund administration for Formidium.

"There's been a definite maturation of the asset class. It's still a relatively new asset class with exciting investment opportunities, but it's becoming, I would say, to a certain degree more mainstream in which people are thinking about crypto." - Patrick Colegrave, partner with forbes hare.

"If you're running a crypto fund, you have enough liability on your plate. You know, adding the custody part of it, that's just not the best thing to do. So, even if the custody rule doesn't apply to you, given this SEC guidance, we still highly recommend having a custodian in place." - Gary Ross, partner at ross law group.

"If you're doing an open-ended fund and you're giving people preferential redemption rights, you have to offer it to everyone. You have to let all investors in the fund know." - Gary Ross, on the new SEC private fund advisor rules.

"Given the heightened risk of a crypto fund, volatility in crypto market, the chance that the funds and portfolio investments could go haywire, it's important you have a private placement memorandum." - Gary Ross, emphasizing the importance of a PPM in crypto funds.

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