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Crypto.com Launches Crypto 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 clients in the United States and Canada. This development comes at a time when the cryptocurrency industry is seeking clarity on regulatory frameworks to ensure the growth and sustainability of the sector.
According to a statement released by the company, Crypto.com Custody Trust Company will provide a secure and compliant solution for institutional investors, including pensions, family offices, and other financial institutions, to hold digital assets. The service aims to cater to the increasing demand from these entities seeking to invest in cryptocurrencies while meeting their regulatory requirements.
Notably, this move follows Kris Marszalek’s recent meeting with President-elect Donald Trump at his Mar-a-Lago property. During the discussion, they explored potential policies affecting the cryptocurrency industry, Congress, and the incoming administration. The Crypto.com CEO expressed his gratitude for the opportunity to engage in a meaningful dialogue with the president-elect.
As part of this initiative, all digital assets held by Canadian and US customers will be transferred to the new custody trust service over the coming weeks. This shift aims to provide a more comprehensive and secure solution for institutional investors, ensuring their digital asset holdings are safeguarded within a trusted and compliant framework.
Crypto.com’s entry into the crypto custody space underscores the company’s commitment to providing innovative solutions that support the growth of the cryptocurrency industry while promoting regulatory clarity. The move is expected to have a positive impact on the sector as it addresses the pressing need for institutional-grade custody services.
About Crypto.com
Crypto.com is a leading global financial service platform that provides a comprehensive range of digital assets and trading services.
Source: coinjournal.net
