The Launch of Crypto.com Custody Trust Company
Key Points:
- The crypto custody service will cater to eligible Canadian and US institutions and high-net-worth clients
- Crypto.com aims to strengthen its presence in the North American market through this initiative
Crypto.com recently unveiled its latest offering in the form of a crypto custody service, with a specific focus on expanding its footprint in Canada and the United States.
As per a recent announcement by the company, the Crypto.com Custody Trust Company will provide services to eligible institutions and high-net-worth clients in Canada and the US.
Kris Marszalek, the co-founder and CEO of Crypto.com, expressed his views on this development, stating, “Launching a US trust company is our latest significant step in our product roadmap to building our business and presence in two of the most important and active crypto markets in the world – the US and Canada.”
The company also revealed that all digital assets held by customers in Canada and the US will be transitioned to the Crypto.com Custody Trust Company in the coming weeks.
Recent Engagements:
Earlier in the month, Kris Marszalek had a meeting with President-elect Donald Trump at Mar-a-Lago to discuss industry policies, Congress, and the upcoming administration’s impact on the cryptocurrency sector. The discussions also touched upon the Bitcoin reserve.
Honored to have a seat at the table. pic.com/KvK0XyEdYZ
— Kris | Crypto.com (@kris) December 17, 2024
During this interaction, a Crypto.com representative expressed optimism about collaborating with the new administration to establish clear regulations for the crypto industry, positioning the US as a global leader in digital assets and innovation.
Notably, on the same day as the meeting with Trump, Crypto.com withdrew its lawsuit against the US Securities and Exchange Commission (SEC) following a Wells notice received in October.
