The decision to distribute tokens in-kind or to liquidate tokens at the fund or SPV level and distribute cash proceeds is generally made on a case-by-case basis.
There is no single criteria -- common factors that influence the decision to distribute in-kind are:
• The infrastructure and security available to distribute tokens in-kind
• The quantity and value of tokens being distributed
• Token-specific costs and benefits to distributing tokens in-kind.
When a fund or SPV offers the option to receive tokens in-kind, you will receive a notification at the email address associated with the investor account associated with the fund or SPV investment.