Digital asset funds
Annual audits for funds that hold digital assets.
Hedge or venture. Big enough to need a real audit, not big enough to be a priority client at a national firm. That is who we built Avow for.
The deadline
The custody rule gives many funds 120 days. The waitlist takes most of them.
Funds relying on the custody rule's audit provision have 120 days from fiscal year-end to deliver audited financials to investors. Waitlists at crypto-competent firms run three to six months, and fees climb every season. The math does not work in your favor unless the audit starts on time and finishes on schedule.
Avow commits the delivery date in the engagement letter. Fieldwork starts the same week access is granted.
Committed dates are set at scoping, engagement by engagement. The custody rule's audited-financials provision runs 120 days for many funds; fund-of-funds timelines differ.
On-chain evidence
We read on-chain evidence directly.
Your positions live in wallets, custodians, and exchanges. Agents verify existence and ownership at source and reconcile every movement to your fund administrator's records, across the full period, not a sample of it.
Existence and ownership
Holdings verified against the chain and your custodians directly, not against screenshots and PDFs.
Completeness
Every transaction in the period traced and reconciled to the administrator's records, with exceptions surfaced as they are found.
Valuation support
Pricing evidence gathered per your valuation policy, with judgment calls documented and reviewed by a licensed CPA.
The experience
You shouldn't have to teach your auditor how custody works.
No walking your audit team through what a validator is. No invoice for their learning curve. Status updates follow one structure: what we tested, what we found, and what remains open, with dates.
- Fixed price per opinion. No hourly overruns.
- A committed delivery date in the engagement letter.
- Read-only access. No private keys, no transfer authority, ever.
- A licensed CPA signs, and answers for, every opinion.
Before year-end
The Digital Asset Fund Audit Readiness Checklist
Everything your auditor will ask for, and the items to close before year-end that cut weeks off the audit.