VARA Custody Rulebook Update: What Custodians Need to Know

Introduction:

VARA has introduced critical changes to its Custody Services Rulebook — including a new license category, revised structural requirements, and expanded authority for third parties. Our one-pager gives custodians a clear, actionable summary of what’s changed and what needs to be done.

What You’ll Learn:

• The 3 key changes in the updated rulebook, explained simply
• What the new Collateral Wallet Services (CWS) license means for you
• How to adjust your structure, agreements, and policies
• Deadline-driven steps to remain fully compliant with VARA

Who Needs This Guide:

• Licensed custodians under VARA
• Applicants preparing to offer custody or CWS services
• Compliance teams reviewing internal policies and structures
• Legal & ops leads managing VARA-facing communications

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