The Financial Industry Regulatory Authority (Finra) has recognized a digital assets certificate for financial advisors, raising its profile in the financial industry.
The Digital Assets Council of Financial Professionals (DACFP) a provider of crypto education, created the Certificate in Blockchain and Digital Assets in 2021.
The DACFP Certificate in Blockchain and Digital Assets (CBDA) professional designation is now recognized by Finra.
The DACFP was founded by financial advisor, speaker and author Ric Edelman.
Financial advisors who successfully complete the course, which is worth 15 continuing education credits with the CFP Board of Standards, can use the designation CBDA as part of their identification, the DACFP said
“Attaining FINRA listing as a professional designation reflects not only the quality of the course, but the importance of becoming fluent in this new asset class,” Edelman said in a statement. “We’re honored to provide best-in-class crypto education for the financial, crypto and investor communities.”
Before the DACFP, Edelman is the founder of one of the nation's largest RIAs, Edelman Financial Engines.
The online self-study course that leads to the use of the CBDA designation has five tracks, with programs for advisors, back-office executives, investors and crypto professionals. The content is taught by expert faculty, including Scott Stornetta, co-inventor of blockchain technology, and Anders Brownworth of the Boston Federal Reserve.
“Those completing the program gain vital understanding of blockchain technology, its investment thesis and opportunities, and how advisors can incorporate this new asset class into their practice management” covering such things as regulatory, compliance and tax issues, the DACFP said.
Additional information can be found on the Finra website page on professional designations and the DACFP's website on the certificate program page.
Advisors who enroll in the program by Aug. 31 will receive a 20% discount off the program cost by using the code CBDA23.