Launch of New Crypto Custody Trust Service by Crypto.com for US and Canadian Institutions
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Crypto.com Launches Crypto Custody Trust Service for US and Canadian Institutions
In a recent statement, Crypto.com announced the launch of its crypto custody trust service specifically designed for institutional clients in both the United States and Canada. This move comes as the company continues to expand its services beyond traditional cryptocurrency exchanges.
According to reports, this new custody trust service will provide a secure and reliable solution for institutional investors, asset managers, and other financial institutions to securely store their digital assets. This development is particularly significant given that many major financial institutions have been hesitant to enter the cryptocurrency market due to concerns over regulatory compliance, security, and the lack of suitable custodial solutions.
As part of this initiative, Crypto.com has announced that it will be migrating all US and Canadian customer assets onto its custody trust platform. In a statement, Kris Marszalek, co-founder and CEO of Crypto.com, emphasized the importance of providing institutional investors with a secure and compliant solution for managing their digital asset holdings.
“In our commitment to further democratize access to cryptocurrency investments and innovation, we are proud to launch this groundbreaking service,” he said. “Our new custody trust platform will provide the highest levels of security and regulatory compliance for institutions seeking to participate in the growing cryptocurrency market.”
This announcement follows a meeting between Marszalek and US President-elect Donald Trump at his Mar-a-Lago property earlier this month. During the meeting, they discussed potential policies affecting the cryptocurrency industry, Congress, and the incoming administration. The meeting also touched on the topic of Bitcoin reserves.
The move is seen as a significant step forward in Crypto.com’s efforts to position itself as a major player in the cryptocurrency custodial space.
Source: coinjournal.net
