Property Type · VC / MS17
Virtual Currency & Digital Asset Escheatment Rules
Fintech platforms, custodians, and exchanges holding dormant customer wallets face conflicting statutory mandates: Delaware and Illinois compel liquidation to U.S. dollars prior to transfer, while California and New York mandate native token delivery.
Standard Dormancy: 3 Years (CA, NY, CO, WA, TN, UT); 5 Years (DE, IL)Liquidation vs. Native Token Delivery Conflict
| Jurisdiction | Dormancy | Delivery Standard |
|---|---|---|
| Delaware | 5 Years | Mandatory liquidation to USD within 30 days prior to March 1 filing. |
| Illinois | 5 Years | Mandatory liquidation to USD prior to May 1 remittance. |
| California | 3 Years | Native asset transfer to state custodian (prohibits forced liquidation without statutory notice). |
| New York | 3 Years | Native custodial delivery framework under NY DFS / OUF guidance. |