Balance this year facilitated a “pioneering transaction” in Alberta, the Canadian crypto custodian recently announced. Using Bitcoin as collateral, Balance enabled a Calgary-based client to secure a vehicle purchase from Shift Happens Auto Sales, a used vehicle dealership based in Airdrie. Shift Happens was founded in 2024 as a “Bitcoin-native dealership” that provides flexible financing […]
Balance
Bow Valley Credit Union Launches Canada’s First Bitcoin Gateway
In a Canadian first, Bow Valley Credit Union (BVCU) has unveiled the Bitcoin Gateway—a new platform that enables members to buy Bitcoin directly from their existing credit union accounts. Launched in partnership with Toronto-based Balance and Calgary’s own Bull Bitcoin, the Bitcoin Gateway provides a seamless and secure way to access the world’s most popular […]
Calgary’s Balance Secures Trust Company Status, Expands Custodial Services Across Canada and the U.S.
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 […]
Balance ‘Laser-Focused on Bringing a Truly Local Solution’ to Canadian Crypto Custody
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. […]
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 […]