Tetra Trust Becomes First Qualified Crypto Custodian in Canada
- The company announced the closure of its financing rounds.
Calgary-based Tetra Trust announced yesterday that the company has received its Certificate of Registration from the Government of Alberta, which makes it Canada’s first regulated custodian for crypto assets.
According to the official press release, Tetra Trust closed its multiple financing rounds led by a group of strategic investors including Coinbase Ventures, Mogo, Canadian Securities Exchange and Coinsquare.
Tetra Trust mentioned that before the launch of its crypto custody services, Canadian users were dependent on US providers and some unregulated Canadian crypto custodian. Tetra Trust will provide custody and storage services for several crypto assets including Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC), Ethereum (ETH) and other tokenized securities.
Commenting on the latest announcement, Eric Richmond, CEO of Tetra Trust Company, said: “We’re thrilled to launch Tetra Trust as Canada’s first qualified custodian for cryptocurrency assets and bring a Canadian-based solution to the market. Canada has become a hot spot for cryptocurrency-related public companies, ETFs and trading platforms, and there is a pressing need for a regulated custody provider in Canada.”
Tetra Trust highlighted the growing popularity of crypto assets in Canada and mentioned that the company is expecting to have more than $1 billion worth of crypto assets under management by the end of 2021.
Canada’s Crypto Market
Canada has seen immense growth in crypto adoption during the last few months. In February 2021, Canadian regulatory authorities approved Evolve to launch Bitcoin ETF.
“Over the past six months, we have seen a monumental shift in the popularity of digital assets. When we think about the future, we know it is digital, and we understand the importance of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in increasing capital markets’ confidence in this space. What’s so unique about Tetra is the idea of a consortium leading the way on this initiative and prioritizing a custody solution that’s made for the Canadian market,” Jenna Kaye, CEO, Odyssey Trust Company and Board Chair of Tetra Trust mentioned in the official press release.
Calgary-based Tetra Trust announced yesterday that the company has received its Certificate of Registration from the Government of Alberta, which makes it Canada’s first regulated custodian for crypto assets.
According to the official press release, Tetra Trust closed its multiple financing rounds led by a group of strategic investors including Coinbase Ventures, Mogo, Canadian Securities Exchange and Coinsquare.
Tetra Trust mentioned that before the launch of its crypto custody services, Canadian users were dependent on US providers and some unregulated Canadian crypto custodian. Tetra Trust will provide custody and storage services for several crypto assets including Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC), Ethereum (ETH) and other tokenized securities.
Commenting on the latest announcement, Eric Richmond, CEO of Tetra Trust Company, said: “We’re thrilled to launch Tetra Trust as Canada’s first qualified custodian for cryptocurrency assets and bring a Canadian-based solution to the market. Canada has become a hot spot for cryptocurrency-related public companies, ETFs and trading platforms, and there is a pressing need for a regulated custody provider in Canada.”
Tetra Trust highlighted the growing popularity of crypto assets in Canada and mentioned that the company is expecting to have more than $1 billion worth of crypto assets under management by the end of 2021.
Canada’s Crypto Market
Canada has seen immense growth in crypto adoption during the last few months. In February 2021, Canadian regulatory authorities approved Evolve to launch Bitcoin ETF.
“Over the past six months, we have seen a monumental shift in the popularity of digital assets. When we think about the future, we know it is digital, and we understand the importance of Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term in increasing capital markets’ confidence in this space. What’s so unique about Tetra is the idea of a consortium leading the way on this initiative and prioritizing a custody solution that’s made for the Canadian market,” Jenna Kaye, CEO, Odyssey Trust Company and Board Chair of Tetra Trust mentioned in the official press release.