@ben I simply don't understand your issue here with Swan. As I see it, from the arrival time of a wire to withdrawal to your own storage is 2-24 for a $50k purchase, during most of that either asset is at the custodian. I have seen buyers be in and out in under 2 hrs. Done.
Swans margin is all on the BTC deal price/ paid. They should not handle or touch either asset. Jan's answer above confirms that they don't touch it.
Also: If the custodian f's with the statements and co-mingles funds behind the scenes, I believe all 3 Nevada, SDakota and Delaware trust industry bodies (ie industry itself ) with help to jail those specific staff. They do not want their trust industry to get f'd and break 80+ years of legal precedent in their state (and lose their Trust biz to the other 2), over some pittance (to them) $100m rugpull. These are Walton level jurisdictions.
Ie: I believe there is be the genuine threat of US jail time on staff action/inaction.
We will know if that becomes true as PT plays out in Nevada court.
Alternatively, what other method do you suggest for >$50k deals except an independent custodian. That's worked for bearer assets for a long long time.
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