Ownership transitions on one record; custody transitions through another institution’s process.
Where this breaks
The old owner disappears while the custodian still recognises old contacts, keys or instructions.
The operating move
Plan succession at the custody layer and test provider recognition before the ownership event.
Value object — The operational card
- Asset and custodian
- Current recognised authority
- Successor evidence
- Recovery route
The test
Ask the custodian to describe its response if the owner becomes unavailable today. Any dependence on the old owner is continuity debt.