Company News

Virtual Asset Transfer Fundamentals Certification: Skills-based training to handle crypto-assets confidently.

Author
Asset Reality

In the rapidly evolving world of cryptocurrency, professionals in asset recovery face increasing challenges in seizing and managing virtual assets. 

To address this growing need, Asset Reality has brought to market the Virtual Asset Transfer Fundamentals Certification. This course is specifically designed to build confidence and practical skills for safely transferring and managing cryptocurrencies.

Why This Certification is Important

As virtual assets like cryptocurrencies and NFTs become more integral to the financial landscape, handling them correctly is essential for both public and private sector professionals. 

According to a recent industry poll conducted by Asset Reality, 55% of professionals involved in asset seizure and management reported a lack of available training in handling crypto assets. This gap poses significant risks when it comes to seizing, managing, and disposing of crypto assets.

The importance of such skills is reinforced by the Financial Action Task Force’s (FATF) Recommendation 4. This recommendation underscores the necessity for countries to implement effective frameworks for asset recovery and management, which includes the management of virtual assets.

Jurisdictions with vulnerabilities around the use of crypto by criminals should mitigate this risk with effective training. Without proper training, the risk of mishandling these assets increases, which is why the Virtual Asset Transfer Fundamentals course is a crucial addition to any asset recovery toolkit.

Course overview

This 12-hour certification course, spread over three days, blends theoretical and practical elements. The course is split into 4 lessons covering the following topics:

  • Cryptocurrency Basics: Establish a foundational understanding of how virtual assets work, ensuring all participants start from the same baseline.
  • Cryptocurrency Wallets: A detailed lesson guiding you in creating, managing, and securing virtual wallets, including how to generate wallets from existing seed phrases and the significance of derivation paths in wallet re-creation.
  • Interacting with Cryptocurrency: Participants will gain real-world experience by sending and receiving testnet versions of well-known cryptocurrencies and minting an NFT in a training environment to practise fundamental skills.
    ‍
  • Asset Management and Standard Operating Procedures: this lesson will take you through the risks associated with moving virtual assets and explain when to move funds from a suspect’s wallet, protect the chain of custody and list the approval steps, all of which can be taken into consideration for your own Standard Operating Procedures (SOPs)

By the end of the course, participants will have a solid grasp of the technology, tools, and processes necessary to handle virtual assets confidently.

Pilot Program Success

Our first cohort of students completed the course during the pilot launch last week, with an overwhelmingly positive response. 

The Net Promoter Score (NPS) came in at 71%, a strong indicator of the course’s quality and effectiveness. 

"Everything went smoothly during the course, thanks to the excellent organization by Asset Reality. The instructors did a fantastic job. Kevin delivered a clear message about digital assets that significantly enhanced my understanding of blockchain, cryptocurrencies, NFTs, wallets, and more, especially considering my initial low level of knowledge. The Student Guide was also invaluable in helping me become more familiar with the concepts."

Ana Marcolino - Former head of the Portuguese Asset Management Office

This feedback highlights the course’s ability to build confidence in handling virtual assets while addressing a real gap in the industry.

‍Who Should Attend?

This course is designed for anyone involved in seizing and custodying crypto assets,  who are new to crypto asset forfeiture, and hesitant to handle crypto assets due to the immutable nature of blockchain technology.  

By completing the Virtual Asset Transfer Fundamentals certification, you will be better equipped to manage the complexities of virtual assets, reducing risks and integrate best practices into your own Standard Operating Procedures. 

‍Conclusion

With the rise of virtual assets, it is more important than ever to ensure your team is equipped with the right skills to manage, transfer, and recover cryptocurrency. The Virtual Asset Transfer Fundamentals certification offers a comprehensive, hands-on approach to building those skills, ensuring your organisation stays ahead of the curve.

Ready to upskill your team? Register your interest on our waitlist! 👇

‍https://www.assetreality.com/course

Want to learn more?

GET STARTED