Calgary-based digital asset custodian Balance has officially registered its subsidiary, Balance Trust Company, as a special purpose trust under Alberta’s Loan and Trust Corporations Act.
This registration, approved by Alberta’s Treasury Board and Finance (ATBF), allows Balance Trust Company to operate as a qualified custodian in both Canada and the United States.
With this certification, Balance Trust Company is now equipped to serve a broad range of regulated entities, including public ETF and mutual fund issuers, registered investment advisers, restricted dealer cryptoasset trading platforms (CTPs), and stablecoin providers. The custodian can also accommodate other accredited investors in both countries.
Since its founding in 2017, Balance has concentrated on delivering a proprietary, world-class custody solution. Unlike other custodians that rely on third-party technology, Balance has independently developed and refined its own platform over the course of seven years.
As a result, it remains the only Canadian custodian that fully owns its technology stack and manages operations internally, ensuring greater control and security.
George Bordianu, CEO of Balance, emphasized the importance of owning their technology, stating, “Most custodian insurance policies do not cover programming defects, and many custody tech providers limit liability to nominal amounts, often just the fees paid to them. This leaves clients at risk of having little protection in case of a programming error or malicious action on the tech provider’s side. Balance faces no such risk because the organization building the software is the same one securing the assets, incentivizing us to prioritize safety.”
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