Rivflow provides financial control process enhancements and ongoing concierge support for members using unhosted digital asset wallets or qualified institutional custodians.

• Rivflow offers a basic annual membership service to our clients that include unlimited online support and pay-per-use reserve key agent services for a basic unhosted wallet for two key holders. Additional wallets and enhanced security, notification, and authorization protocols are available at additional cost.
• This use case is an example of a custom service created as a cooperative effort among Rivflow, the Member, and the Member's Attorney. Charges in addition to annual member fees would apply.
• Digital Assets as used in this use case refer to assets recorded to a public blockchain ledger.
• Rivflow does not custody or control Member assets, nor will it directly participate in external asset distributions.
• Rivflow established an unhosted digital asset wallet for the Member that requires at least two keys to execute a transaction. This assures that no one person can act alone. 
• Most wallets provide no role distinction among keys; every key holder is able to create, confirm, and execute transactions.
• Rivflow provisions wallets so that a key holder can't confirm a transaction they create; every transaction requires the participation of at least 2 key holders.
• Rivflow's only role in wallet operations is that of Reserve Key Agent, meaning Rivflow will never create, confirm, or execute an external asset transaction.
• A Rivflow Reserve Key Agent will only create new wallets and add or remove keys to an existing Member wallet, which requires the confirmation of another key holder and follows strict security and authorization protocols.

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Important Asset Protection Considerations:

In the context of digital assets on a blockchain, there is a meaningful distinction between who controls assets ledgered to an address, and who owns those assets.

The reality is simple:

• Control-Every person in possession of the cryptographic key that created an address has an absolute unfettered ability to send any or all contents of that wallet to any other addresses. In this way, digital assets resemble bearer assets. Except keys can be shared, and every person in possession of the keys has exactly the same ability.
• Ownership-Ownership of an address is not contemplated in blockchain transactions beyond the presence or absence of keys. Moreover an "owner" of an address who does not possess the entire cryptographic key effectively has zero control of the assets sent to that address; if the key is lost, there is no possibility to ever send (i.e., recover, return) the wallet's contents anywhere else.

‍Rivflow works primarily with unhosted smart wallets to assure, by design, that no one person or entity is ever in possession of the entire cryptographic key. This will be important to many asset protection strategies.

Parties to a transaction would be wise to define whether the terms of agreement are fulfilled when assets are confirmed sent to a specified address or are functionally available to a specified person or entity.

With regard to reporting and tax obligations, many people and entities declare digital assets ledgered to an address owned by a person or entity subject to the laws of that particular jurisdiction. Rules on ultimate beneficial ownership and controlled foreign corporations may also be factors to consider.

Strategy and Preparation

Asset Protection strategies are often complex affairs where details matter. A Rivflow Client Member can request a meeting at anytime to discuss how Rivflow services might integrate with their financial plans and strategies. Members should certainly include relevant advisors, such as attorneys and accountants to be a part of this process to make sure that the ultimate solution meets all operational, reporting, and legal requirements.

Following an initial strategy and preparation meeting, Rivflow will propose a solution for review.

Upon acceptance, Rivflow will create the wallet and supporting systems, provide documentation, and coordinate training as necessary.

Receiving Digital Assets

Once established, the Member wallet will passively receive any assets sent to the address—like how an email inbox will receive any email sent to its address—without cost or intervention.

Sending Digital Assets

Sending digital assets from the wallet takes three easy steps and requires both the Member and the attorney:

1. At any time, the Member can create a transaction with a mobile wallet app to specify the asset, amount, and destination address.
2. The attorney will instantly receive a notification from their mobile wallet app asking them to confirm the (proposed) transaction. Most wallets have no time limit for confirmations, so the attorney (or trustee) can take their time to follow whatever protocols have been established for them before they confirm.
3. Only after the Member creates a transaction can the attorney confirm the transaction. After it is created and confirmed, the Member or the attorney can execute the transaction. The assets will typically appear in the Beneficiary's wallet within minutes.