Protocol Wealth · Editorial
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Working notes from a fiduciary practice — markets, planning, digital assets, and the questions our clients keep asking.
Featured · October 5, 2026
How should a U.S. person living abroad plan for token compensation?
Short answer:** A U.S. person abroad should coordinate the U.S. consequences with the rules of the country of residence before relying on a vesting, sale, custody, or transfer plan. Provider availability, reporting, currency needs, estate rules, and the timing of local and U.S. obligations may not align.
Adam BlumbergRead essay →
More essays
13 pieces
October 5, 2026
Can a protocol employee keep a large token position and still manage risk?
Short answer:** Yes, retaining meaningful token exposure and managing financial risk are not mutually exclusive. The planning process can separate protected liquidity and near-term goals from the portion intentionally retained, while documenting the conditions that would cause the strategy to change.
Adam BlumbergRead →
October 2, 2026
What should a crypto employee do before a large token unlock?
Short answer:** Start with the employee's award documents and personal timeline, not the protocol's public unlock calendar. Then place potential taxes, realistic liquidity, custody, retained token exposure, and personal cash needs on the same calendar before making an execution decision.
Adam BlumbergRead →
September 28, 2026
How can an entrepreneur protect concentrated wealth without giving up all of its upside?
How can an entrepreneur protect concentrated wealth without giving up all of its upside?
Adam BlumbergRead →
September 28, 2026
Concentrated Wealth Is Not the Problem. Unplanned Concentrated Wealth Is.
The same asset that made you wealthy can eventually become the greatest risk to keeping that wealth.
Adam BlumbergRead →
September 28, 2026
How to Think About Ethena Before October 5
October 5 is an ENA liquidity event—not a referendum on whether Ethena works.
Adam BlumbergRead →
September 25, 2026
The Liquidity Event Is Not the Finish Line
A company sale, public offering, or token launch can change someone’s financial life quickly.
Adam BlumbergRead →
August 24, 2026
How can an entrepreneur protect concentrated wealth without giving up all its upside?
An anonymized case study about coordinating concentrated investments, liquidity, risk management, and family protection.
Adam BlumbergRead →
April 7, 2026
Protecting Your Financial Accounts Online: What Actually Matters
The risk isn't that someone breaches your custodian. It's your devices, your credentials, and your attention. Here's what to do about it.
Nick RygielRead →
April 7, 2026
We Open-Sourced Our AI Privacy Layer. Here's Why Every Financial Advisor Should Care.
Financial advisors are adopting AI meeting note tools at an accelerating rate. Transcription, summarization, action items, follow-up email drafts — the productivity gains are real. Here's the Problem..
Nick RygielRead →
April 2, 2026
The SEC/CFTC Taxonomy Is Here. Here's What It Actually Means for Protocols, Founders, and Serious Crypto Investors.
The landmark joint interpretation issued by the SEC and CFTC on March 17, 2026, formally classifies crypto assets, ending a decade of regulatory ambiguity.
Nick RygielRead →
March 30, 2026
The Narrator and the Storyteller: How Information Actually Moves Now
There's a distinction nobody is making clearly enough in the AI conversation: the difference between narration and storytelling. A narrator retells. A storyteller creates. Both are essential. They are not the same thing.
Nick RygielRead →
March 8, 2026
Three Forces, One Framework: Navigating War, AI, and the Rotation You Can't See
AI Question: Real Technology, Fragile Financial Architecture
Nick RygielRead →
March 4, 2026
What Is Protocol Wealth?
A protocol is simply a shared set of rules that lets two parties exchange information reliably — without either side needing to understand how the other works on the inside.
Nick RygielRead →