Key Takeaways
- • Jake Claver, CEO of Digital Ascension Group, says a Dallas client turned $11,000 into nearly half a billion dollars, primarily by trading memecoins, according to a CoinDesk interview published November 22, 2025.
- • Digital Ascension Group reports managing about $1 billion in crypto assets for wealthy families, with roughly 10 family clients and about 1,500 other clients holding $500,000 to $5 million each.
- • The firm uses institutional custody from Anchorage, which BlackRock recently selected to custody its crypto ETF assets, and avoids DeFi in favor of insured, regulated structures.
- • Claver characterizes the firm as the largest RIA in the world for crypto, a claim presented as his own and not independently verified.
- • The firm's model reflects a perceived advisory gap in crypto wealth management, with a 2025 Avalor survey cited as finding pressure on traditional wealth managers to deliver digital assets.
Summary
Jake Claver, chief executive of crypto-focused multi-family office Digital Ascension Group, described to CoinDesk a Dallas client who turned $11,000 into almost half a billion dollars, primarily from trading memecoins, which are culturally themed tokens with no real utility and highly volatile valuations. According to Claver, the investor used a sniper bot, automated software that buys and sells newly listed tokens within milliseconds. After Claver persuaded him to attend a family office event, a portion of his portfolio was moved into XRP, which Claver said rose 6x.
Digital Ascension was formed after Claver, while seeking advice on structuring his own crypto estate, taxes and succession planning, found little traditional high-net-worth advisory support for crypto holders. Claver said the firm began taking capital in October 2024 and partnered with Anchorage for institutional custody, and that it has grown to about $1 billion in crypto assets in roughly one year. He said the firm works with 10 families and about 1,500 other clients with portfolios between $500,000 and $5 million.
The firm offers estate planning, tax, accounting, bill-pay and other family office services, alongside allocation to cryptocurrencies, credit lines and yield on assets, all through institutional custody, insurance and tri-party agreements rather than DeFi. Claver said Anchorage's sub-account structure means clients remain owners of their assets, and that trustees and multiple signers can be added to govern access. Anchorage is one of the first U.S.-regulated crypto safekeeping firms.
Claver said second- and third-generation family members often initiate engagement and that the firm typically recommends allocations of under 1% of a family's holdings. Claver's claims, including the 'largest RIA' designation, are his own statements and have not been independently verified. The article also cites a Avalor survey finding that 63% of ultra-high-net-worth investors in the UAE have switched or are considering switching managers over digital asset access.
Digital Ascension was formed after Claver, while seeking advice on structuring his own crypto estate, taxes and succession planning, found little traditional high-net-worth advisory support for crypto holders. Claver said the firm began taking capital in October 2024 and partnered with Anchorage for institutional custody, and that it has grown to about $1 billion in crypto assets in roughly one year. He said the firm works with 10 families and about 1,500 other clients with portfolios between $500,000 and $5 million.
The firm offers estate planning, tax, accounting, bill-pay and other family office services, alongside allocation to cryptocurrencies, credit lines and yield on assets, all through institutional custody, insurance and tri-party agreements rather than DeFi. Claver said Anchorage's sub-account structure means clients remain owners of their assets, and that trustees and multiple signers can be added to govern access. Anchorage is one of the first U.S.-regulated crypto safekeeping firms.
Claver said second- and third-generation family members often initiate engagement and that the firm typically recommends allocations of under 1% of a family's holdings. Claver's claims, including the 'largest RIA' designation, are his own statements and have not been independently verified. The article also cites a Avalor survey finding that 63% of ultra-high-net-worth investors in the UAE have switched or are considering switching managers over digital asset access.
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