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Crypto.com Launches Custody Trust Service for US and Canadian Institutions
In a significant move, Crypto.com has announced the launch of its crypto custody trust service specifically designed for institutional investors in both the United States and Canada. The new offering aims to provide a secure and compliant solution for financial institutions, family offices, and other organizations to store their digital assets.
According to a statement released by the company, the newly launched custody trust service will cater exclusively to Canadian and US customers. This move is part of Crypto.com’s efforts to expand its reach in North America and further solidify its position as a major player in the digital asset management space.
The announcement comes after Marszalek met with President-elect Donald Trump at his Mar-a-Lago property, reportedly discussing policies that could impact the cryptocurrency industry. The meeting sparked widespread speculation about the potential implications for the sector, although details of their conversation have not been publicly disclosed.
As part of this new initiative, all digital assets held by Canadian and US customers will be migrated to Crypto.com Custody Trust Company over the coming weeks. This move is expected to provide institutional investors with a more comprehensive range of services for managing their cryptocurrency portfolios in a secure manner.
In recent developments, Crypto.com dropped its lawsuit against the US Securities and Exchange Commission (SEC) just days after the meeting with Trump. The dispute was sparked by the crypto platform receiving a Wells notice from the SEC.
Source: coinjournal.net
