About System Grovepoint

Official registered business

System Grovepoint Co., Ltd. is the registered business name under which all reserve snapshot engagements are conducted. The company was established in 2019 in Jung-gu, Seoul, to address a specific gap: investors who maintained rigorous offline custody had no professional service to produce quarterly reserve evidence without compromising their air-gap discipline.

Our origin

The practice began when our founding associate, a former fund operations manager, observed that limited partners increasingly requested proof of cold-storage holdings but auditors had no standard procedure for verifying balances on disconnected devices. Self-reported spreadsheets were rejected; connecting hardware wallets to verification software violated the custody model clients had chosen. System Grovepoint was formed to document what investors could show on screen, in person, without any network exposure.

What we do

We visit clients at their offices or secure locations across the Seoul metropolitan area. Our associates witness balance displays on air-gapped hardware wallets, record holdings using printed checklists and (with permission) photographs, and deliver signed quarterly reserve reports suitable for investor relations and audit support. We do not manage assets, provide investment recommendations, or connect to any blockchain network during visits.

Our team

Three associates and one operations coordinator staff the practice. Each field associate has prior experience in fund administration, compliance documentation, or custody operations. Associates undergo internal training on hardware wallet interfaces (Ledger, Trezor, Coldcard, and similar devices) and on maintaining strict air-gap protocols during every engagement.

Working approach

We believe documentation should adapt to the custody model, not the reverse. Your devices stay offline. Our process adapts to your environment, schedule, and multisig arrangements. We arrive prepared, work methodically through each device, and leave you with a clear written record. Repeat clients benefit from continuity: the same associate where possible, and quarter-on-quarter comparison in every report.

Values

Accuracy — Every figure in a reserve report corresponds to a balance witnessed on screen during the visit.

Discretion — Client holdings, locations, and identity are never disclosed. Reports are delivered only to authorised recipients.

Discipline — We never request seed phrases, private keys, or network connections. Our methodology is designed around what air-gapped custody permits.

Relationship to clients

Most clients are family office principals, individual high-net-worth investors, and small fund administrators in Seoul and surrounding provinces. Engagements are typically arranged quarterly, aligned with standard reporting periods. We respond to inquiries within two business days and schedule visits with at least one week’s notice where possible.