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Digital asset custodian Balance establishes special purpose trust subsidiary and invests $10 million
Balance, a Canadian digital asset custodian, this week established the Balance Trust Company as a special purpose trust under the Loan and Trust Corporations Act of the province of Alberta. The trust is linked to a patent certificate issued by the Alberta Finance Board and Treasury Department (ATBF), and Balance has committed $10 million in regulatory capital to this new wholly owned subsidiary to become a qualified Canadian and U.S. custodian.
2024-07-08 13:46:16
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