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Tetra Trust Receives Nod to Become Regulated Crypto Custodian in Canada
Tetra Trust said it became Canada’s first regulated custodian for cryptocurrency assets after being registered by the Alberta government. • Tetra Trust said it received its certificate of registration on Monday. • Previously, the country's market for cryptocurrency custody was limited to U.S. providers and unregulated Canadian custodians, Tetra Trust said in a statement Thursday. • The company – which was founded in 2019 and is backed by Coinsquare, a Toronto-based crypto trading platform – said it has conducted multiple financing rounds, raising funds from investors including Coinbase Ventures, ... (full story)
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Tetra Trust Launches as Canada’s First Qualified Custodian for Cryptocurrency Assets and Closes Financings Led by Consortium of Strategic Investors
Tetra Trust Company (“Tetra Trust”), a regulated financial institution, is pleased to announce that it has launched as Canada’s first qualified custodian for cryptocurrency assets. Tetra Trust received its Certificate of Registration from the Government of Alberta on July 5, 2021 and qualified to act as a custodian under National Instrument 31-103 Registration Requirements, Exemptions, and Ongoing Registrant Obligations and National Instrument 81-102 Investment Funds. Tetra Trust’s core business is the custody and storage of cryptocurrency assets including bitcoin, ether and a variety of other digital assets ... (full story)