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Ric Edelman, founder of Edelman Financial Engines

Regulation and Compliance > Federal Regulation > FINRA

FINRA Lists Ric Edelman's Digital Asset Certificate as Professional Designation

By Melanie Waddell

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The Financial Industry Regulatory Authority now lists the Digital Assets Council of Financial Professionals Certificate in Blockchain and Digital Assets as a professional designation.

The DACFP announced in March that it introduced a revised and enhanced Certificate in Blockchain and Digital Assets program.

Financial professionals who complete the 15 CE-credit course can now display the CBDA credential, for Certified in Blockchain and Digital Assets, the group said Tuesday in a release.

“In recognition of this milestone, those who enroll in the program by August 31 receive a 20% discount,” said Don Friedman, DACFP president in the statement. Enrollees should use code “CBDA23” when signing up for the course.

FINRA does not approve or endorse any professional designation, and the regulator says that inclusion in its database does not mean it considers the designation to be acceptable for use by a registered representative.

Ric Edelman, DACFP’s founder, added in the statement that “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. We’re honored to provide best-in-class crypto education for the financial, crypto and investor communities.”

Edelman told ThinkAdvisor in a separate email Tuesday that DACFP has gotten “a lot of enthusiastic response” to the FINRA news.

“Bitcoin is up 70%, and there’s renewed optimism that the SEC will approve the spot bitcoin applications within months,” Edelman said. “The timing of release of the designation is perfect, as advisors realize more than ever that they can’t ignore crypto any longer and they need to increase their knowledge about it.”

The online self-study course has five tracks, with programs for advisors, back-office executives, investors, crypto professionals and ex-U.S. professionals and investors, the group explained.

“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 — including regulatory, compliance and tax issues,” the group said.

The content is taught by a world-class faculty, including Scott Stornetta, co-inventor of blockchain technology, and Anders Brownworth of the Boston Federal Reserve.

Thousands of financial professionals from 37 countries have completed the program, according to the group.

Melanie Waddell

@Think_MelanieW

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