Share this article
BTC
$82,353.74
+
8.36%ETH
$1,637.64
+
14.26%USDT
$0.9996
+
0.04%XRP
$2.0252
+
13.69%BNB
$576.94
+
5.46%SOL
$117.00
+
12.37%USDC
$0.9999
-
0.01%DOGE
$0.1577
+
11.82%TRX
$0.2388
+
4.65%ADA
$0.6207
+
11.88%LEO
$9.3911
+
3.25%LINK
$12.42
+
14.68%TON
$3.1147
+
4.27%AVAX
$18.24
+
12.71%XLM
$0.2375
+
7.55%HBAR
$0.1694
+
15.67%SUI
$2.1920
+
13.67%SHIB
$0.0₄1182
+
11.26%OM
$6.7785
+
8.28%BCH
$302.67
+
12.52%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Tetra Trust Receives Nod to Become Regulated Crypto Custodian in Canada
The company was certified by the Alberta government to become the country’s first regulated custodian for crypto assets.
Tetra Trust said it became Canada’s first regulated custodian for cryptocurrency assets after being registered by the Alberta government.
STORY CONTINUES BELOW
- 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, Coinsquare, the Canadian Securities Exchange, Mogo, Urbana and Caldwell Growth Opportunities Fund among others. It didn’t disclose the amount raised.
- “Canada has become a hot spot for cryptocurrency-related public companies, ETFs (exchange-traded funds) and trading platforms and there is a pressing need for a regulated custody provider in Canada,” Tetra Trust CEO Eric Richmond said.
Read more: Anchorage Adds Custody and Staking for Dapper Labs’ FLOW Token
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
