Canada’s oldest and largest digital asset custodian this week launched special purpose trust. Balance has incorporated Balance Trust Company under the Loan and Trust Corporations Act of Alberta, the Calgary-based firm revealed. Balance says it has committed $10,000,000 of regulatory capital into the wholly-owned subsidiary as a bid toward becoming a qualified Canadian and U.S. […]
Balance
Calgary’s Balance Upgrades Compliance Credentials for Crypto Custody in Canada
In 2022, Canadian crypto custodian Balance celebrated its fifth anniversary with $500 million of assets under custody. Founded in June 2017, the Toronto-born fintech—which recently moved its headquarters to Calgary—introduced its custody services in a closed pilot in August 2018. A public launch followed one year later. “Our focus since day one has been to build […]
Calgary Crypto Custodian Balance Builds Back Better After ‘Resilience Tested’
In 2022, Canadian crypto custodian Balance celebrated its fifth anniversary with $500 million of assets under custody. Founded in June 2017, the startup introduced its custody services in a closed pilot in August 2018. The public launch followed one year later, the first of its kind in Canada. Since its August 2019 public launch, Balance has […]
Toronto-Born Crypto Fintech Excited About New Home in Calgary
Balance last year filed an application with Alberta’s Treasury Board and Finance to incorporate a special purpose trust company under the Loan and Trust Corporations Act. The company wants to offer true Canadian custody for crypto holdings. The Toronto-born fintech, which currently custodies $1.5 billion worth of digital assets in its SOC2-certified proprietary platform, today […]