CA AB2335

Creates the Digital Asset Reserve Fund to hold unclaimed digital financial assets (cryptocurrencies) that escheat to the state after 3 years of owner inactivity

Requires the State Controller to convert escheated digital assets into "high-quality digital assets" (defined as those with at least $100 billion average market capitalization over 12 months) between 18-20 months after the property is reported

Establishes a 7-member Digital Asset Reserve Fund Board—including the Controller, State Treasurer, and Director of Finance—to create valuation guidelines and investment policies for the fund

Mandates that holders of digital assets notify owners via certified mail or electronic means 6-12 months before escheatment, warning that assets will be converted to high-quality assets after the holding period

Allows claimants who file before conversion to receive assets in native form or fiat currency; those filing after conversion can have assets reverted to native form or receive fiat currency at prevailing market price