Client notes
Specific memories from allocation sessions — what was redrawn, what stayed unresolved, and what still sits on the desk wall.
“They spent the first hour just redrawing our stablecoin sleeve against the reserve floor. We had been treating those as one pot. The map made the gap obvious — roughly a fifth of what we called reserve was still acting as float.”— Mei L., family office coordinator, Central · Desktop allocation planning
“Useful work, though I wished the reserve section had come earlier in the day. By mid-afternoon we were tired. Still, the spot ladder they sketched is what we still use in Monday reviews.”— Adrian K., treasury lead, Kowloon · Desktop allocation planning
“The stablecoin sleeve review was shorter than I expected, which was fine. Daniel refused to rank issuers; he only cared which balances were operational. That restraint was why we hired them.”— Priya S., operations lead, Admiralty · Stablecoin sleeve review
Case note: Three entities, one floor
A Kowloon principal arrived with spot books in two companies and stablecoin float in a third. Reserves lived mainly in HKD current accounts. Over one half-day session we collapsed the picture into a single floor line and marked which entity actually owned the buffer.
The mild friction: one director wanted ticker-level commentary. We declined and kept the map at sleeve level. Two weeks later the board brief used that same floor line without amendment.
Case note: Float dressed as reserve
During a reserve balance mapping workshop, nearly 30% of the stated reserve sat in a stablecoin wallet used weekly for settlement. We redrew the floor excluding that wallet, then listed it inside the stablecoin sleeve as operational float.
The client kept the wallet — but stopped calling it reserve in internal memos. That naming change was the whole point of the sitting.