Defining Standards for Digital Asset Investing

The Digital Fiduciary Standards Board (DFSB) is an independent, member-driven standards body committed to defining, upholding, and advancing fiduciary investment standards for digital asset management.

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Our Mission

Digital asset markets have expanded rapidly, yet investment standards have not kept pace. Without a common fiduciary framework, the industry risks fragmented practices, operational failures, and stalled institutional adoption.

DFSB exists to close this gap. We are building the fiduciary backbone of the digital asset ecosystem. By establishing open, publicly available operational standards, we ensure that investors are protected, serious managers are investable, and regulators can engage with a maturing market on defined terms.

01

Protect Investors

Transparent, accountable practices that safeguard capital and build trust.

02

Guide Managers

Practical standards that help digital asset managers achieve institutional credibility and operational excellence.

03

Support Regulators

A credible, collaborative benchmark that aligns market integrity with innovation.

The Standards

The DFSB Standards define fiduciary-grade best practices across six core domains, providing a comprehensive framework for institutional digital asset management.

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Documentation

All DFSB resources are publicly available. Our standards, frameworks, and tools are designed to advance the entire industry.

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Organization Charter

Organizational governing documents for members, regulators, and partners who want to understand DFSB’s governance.

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Membership Guide

Two-page overview of DFSB’s mission, structure, and how managers, allocators, and service providers can participate.

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Standards DDQ

Standardized Due Diligence Questionnaire (DDQ) aligned with the DFSB Standards, streamlining allocator, consultant, and platform due diligence processes.

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The Handbook

Comprehensive implementation handbook providing practical guidance for digital asset managers and their service providers.

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Founders

We created the DFSB as practitioners committed to raising the operational maturity of the digital asset management space. Our work is focused on developing and refining fiduciary-grade standards that raise the bar for transparency, governance, and institutional excellence across the industry.

Kelly Chapman

Lionsoul Global, Chief Legal Officer

Louis LaValle

Frontier Investments, Chief Executive Officer

Join the Founding Circle

Shape the standards from day one. The Founding Circle is open to managers, allocators, service providers, and independent experts committed to building institutional-grade standards for digital asset management.

Member Benefits‍

Participation in standards development and working groups
Recognition as a DFSB member and signatory
Access to implementation resources, templates, and guidance
Representation in regulatory engagement and policy dialogue
Global peer network of allocators, managers, and service providers

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Asset Managers

Differentiate yourself through DFSB signatory status. Demonstrate to allocators that your operations meet fiduciary-grade expectations and gain a seat at the table in shaping the standards you’ll be evaluated against.

Institutional Investors

Build trust in the managers you allocate to. DFSB membership provides assurance that managers are aligned to consistent fiduciary standards, reducing diligence friction and giving confidence that capital is deployed with integrity.

Service Providers

Influence the standards that govern investment infrastructure. Align with best practices, showcase leadership inbuilding a professional ecosystem, and position your firm as a trusted partner to institutions.