Asset Reality secures FCA VASP registration
Seized assets company Asset Reality has been registered as a Virtual Asset Service Provider (VASP) by the Financial Conduct Authority (FCA).
The FCA registration, granted under the Money Laundering Regulations 2017, enables Asset Reality to offer crypto custody services to law enforcement and public sector bodies.
“Practitioners have long struggled with fragmented tools and opaque processes,” said Aidan Larkin, CEO and co-founder. “Our platform unifies custody, valuation, liquidation, and compliance into a single, auditable system.”
Asset Reality joins a select group of FCA-registered VASPs, including Coinbase and Zodia Custody.
The company said the registration underscored its robust compliance framework, including transaction monitoring, client due diligence and staff training.
“This is a pivotal moment for the seized asset ecosystem,” said Lynette Mapp, general counsel. “It demonstrates how regulated infrastructure can support complex virtual asset cases.”
Unlike retail-facing exchanges, the firm operates exclusively with legally authorised entities, providing a secure platform for the seizure, management, and disposal of both physical and virtual assets.