"Canadian regulated entities are still forced to this day to use US custodians or Canadian custodians leveraging US-based technology. We're laser-focused on bringing a truly local solution to the ecosystem and are grateful to the team at the ATBF for their help and guidance in achieving this mission and for granting us this letters patent," said @george_balance, co-founder and CEO of @balance_canada. "Balance has truly built a next-generation custodian. Its platform and technology deliver above and beyond those of large industry names, which is why we're enthusiastic to provide them with the needed capital and resources to become qualified and expand to the Canadian and the US regulated markets," said James Slazas, CEO of 007 Capital. Full announcement: businesswire.com/news/home/2… #BalanceTrustCompany #custody #digitalassets #crypto

. @balance_canada surpasses $2B of assets under custody. "Our focus since day one has been to build a world-class custodian for companies working with digital assets. We rejected vending ready-made solutions and instead built our offline and warm infrastructure entirely in-house, from the ground up. It was a monumental effort and it took us years before being able to compete with the likes of Coinbase and BitGo, but it’s finally paying off,” said Balance’s CEO, @george_balance . "The 2022 bear market tested our resilience, taking our business from a high of $2.5B AUC to a low of $500M at some point. I’m grateful our team was up to the challenge and rebuilding to $2 billion in AUC is a testament to their hard work and unwavering commitment to our clients." “With the market picking up again we’re seeing our clients and prospects explore new products and offerings,” commented Dustin Plett, Chief Sales Officer at Balance. “Balance continues to be the custodian of choice for companies who need a flexible infrastructure partner that can quickly build what’s needed to accommodate any custom workflows or unique requirements.” Full announcement: businesswire.com/news/home/2… #custody #digitalassets #crypto

Balance relocates to Alberta. “Ontario gave us the solid ground we needed to start, however Alberta's regulatory framework and positive reception to our industry gives us the foundation needed to grow. In particular, the existence of a special-purpose regime for provincial trusts is extremely attractive, as it provides the structure we need to become a qualified custodian, without having to satisfy regulatory requirements pertaining to activities we don’t perform such as deposit-taking business. We're grateful for our beginnings in Ontario and enthusiastic about the opportunities in Alberta.”, said @balance_canada's CEO, George Bordianu. “We extend a warm welcome to Balance as the company relocates its office and team to Calgary, Alberta. Our tech and business communities have created a supportive environment for new companies to thrive, which is a unique advantage that Alberta offers to companies worldwide and across Canada.”, said Rick Christiaanse, the CEO of @Invest_Alberta. “We have made Alberta the best place to work in Canada to work in tech and have a tech company. This move by Balance just demonstrates our growing reputation as an international hub of investment and innovation.”, said @nateglubish, Alberta’s Minister of Technology and Innovation. “I am pleased to welcome Balance to Calgary from Toronto and look forward to their contributions to our growing tech ecosystem. Alberta’s talent, world-class education system, and pro-investment policies continue to draw businesses from across the country further solidifying Alberta as the economic engine of Canada.”, said @MattJonesYYC, Alberta’s Minister of Jobs, Economy, and Trade. Full announcement: businesswire.com/news/home/2… #Alberta #InvestAlberta #BigBoldAlberta #yyc #yyctech #ABtech #custody #digitalassets #crypto

We filed an application to incorporate a special purpose trust company, Balance Trust Company, with Alberta's Treasury Board and Finance under the Loan and Trust Corporations Act (Alberta). This is a significant step towards becoming a qualified Canadian custodian, which we hope to be welcome news to companies in the local digital asset and crypto ecosystem. Read the announcement: businesswire.com/news/home/2… #custody #digitalassets #crypto