CT SB00353

Defines three categories of digital assets effective July 1, 2022: digital consumer assets (intangible personal property for Article 9 purposes), digital securities (intangible personal property treated as securities and investment property), and virtual currency (intangible personal property treated as money for Article 9 purposes only).

Establishes that digital assets may be treated as financial assets under written agreement with the owner while remaining intangible personal property.

Creates a "control" standard for secured parties to perfect security interests in digital assets through exclusive legal authority (including private keys or multi-signature arrangements), which shall have priority over security interests without control.

Allows transferees to take digital assets free of security interests not perfected by control after two years of taking the asset for value without actual notice of adverse claims.

Grants Connecticut Superior Court jurisdiction over all suits and proceedings relating to digital assets and amends the Uniform Commercial Code Article 9 financing statement requirements to include perfection methods for digital assets.