Hi Jean,
I think it can be tricky. One of my client SMSFs has crypto through Swyftx (but is part of a bigger portfolio of assets).
In my opinion the Swyftx reports are not sufficient to prove the existence of the holding. My understanding is that Swyftx stores assets in a custodial wallet, meaning that they manage the private keys, not individual investors.
The last time I looked at this was for a 2025 audit about 8-9 months ago. At the time, Swyftx confirmed that they have Proof of Reserves and that customer reserves are held on a 1:1 basis. But when pressed, they would not provide a Proof of Reserves report(!) So I issued a qualified Part A report. Depending on the circumstances, I’d expect some auditors may also issue a Part B qualification and possibly ACR. In my case it was a small holding only.
Regards
Mark