Lysis reviewed the firm's operating model including a partnership with a digital assets firm whereby they offered both fiat and crypto wallet capabilities.  The management of client monies across this fiat/crypto service set was not correctly set up, leaving our client open to FCA censure.  Lysis worked with the firm to define the correct model for client money safeguarding and helped them set up the correct client money bank accounts and a new accounting, reconciliation and reporting framework.  We were then able to demonstrate to the FCA that the issues had been resolved and that client monies were being correctly safeguarded.