Swan Generations is a Bitcoin service that enables parents, legal guardians, and other family members to make irrevocable gifts of real Bitcoin to a child or young relative, with an administrator stewarding the wallet until a chosen ascension age.

From the moment a gift is made into a Generations wallet, the Bitcoin is the legal property of the child or designated wallet owner. The administrator manages the wallet and must act solely for the benefit of that owner.

The administrator manages the Swan Generations wallet and safeguards the assets until ascension. The administrator represents that they are the parent, legal guardian, or close family relative of the minor and accepts a core duty of care over the funds.

The ascension age is the age at which point the owner takes over control of the Swan Generations wallet. When you set up a Generations wallet, you choose an ascension age between 18 and 25.

No. Every contribution is an irrevocable gift to the child. Once Bitcoin is gifted into a Swan Generations wallet, it cannot be reversed or reclaimed by the donor or administrator.

Swan does not provide tax or legal advice. Generally, gifts of Bitcoin carry the original cost basis to the recipient, similar to other property. This can be used in tax-optimized generational planning with your advisors. Swan does not provide tax or legal advice, and you should consult your professionals and resources such as IRS Publication 551 for specifics.

Yes. Parents, grandparents, and others can coordinate gifts into a single Swan Generations wallet, keeping in mind applicable gift tax rules.

Swan Generations wallets sit alongside your existing Swan accounts — Swan Personal, Swan IRA, and Swan Vault — as a dedicated structure for children and heirs. Your Swan Private representative is always available to help answer further questions about Swan Generations.

All Swan accounts are secured by Swan Guard, our suite of advanced security features and protocols that helps protect all Swan clients. Swan’s principled approach is to segregate duties between trading and custody, so we work with multiple regulated custodians for our services. To learn more about that approach, please see this FAQ. For the Swan Generations wallet service specifically, the custodian partner is Bitgo Bank & Trust, a qualified custodian operating under the laws of the United States and authorized by the Office of the Comptroller of the Currency, and one of the oldest operating Bitcoin custodians. Learn more here.