
Crypto.com Launches Crypto Custody Trust Service for US and Canadian Institutions
In a major move, Crypto.com has announced the launch of its new crypto custody trust service, specifically designed for institutional investors in the United States and Canada. This development comes as a significant expansion of the company’s offerings, which now include secure storage solutions for institutions seeking to invest in digital assets.
As part of this initiative, all Canadian and US customers will have their digital assets transferred to Crypto.com Custody Trust Company over the coming weeks. The trust service is designed to provide a high level of security and compliance with regulatory requirements, making it an attractive option for institutional investors looking to diversify their portfolios.
It’s worth noting that the CEO of Crypto.com, Kris Marszalek, had met with President-elect Donald Trump earlier in the year to discuss potential policies affecting the cryptocurrency industry. During this meeting, they also discussed the company’s Bitcoin reserve. Following the meeting, a Crypto.com spokesperson stated that they look forward to working with the new administration to develop and advance clear regulations for the crypto industry.
This move by Crypto.com further solidifies its position as a major player in the digital asset space, providing institutional investors with a reliable and secure way to store their assets while also maintaining compliance with regulatory requirements.
Source: coinjournal.net