Crypto.com expands institutional custody services with US trust company

Crypto.com has announced the launch of its US-based custody solution, Crypto.com Custody Trust Company, which will provide regulated custody services for eligible institutions and high-net-worth clients in the United States and Canada. Over the coming weeks, all US and Canadian customer digital assets will be transferred to this custody entity.

The move follows the receipt of a trust company charter, allowing Crypto.com to extend its custody services officially to North American institutions. The company is already trusted by more than 100 million customers worldwide and is recognised for its regulatory compliance, security, and privacy standards.

Kris Marszalek, co-founder and CEO of Crypto.com, commented: 

"Launching a U.S. trust company is our latest significant step in our product roadmap to building our business and presence in two of the most important and active crypto markets in the world — the U.S. and Canada. This step reflects our confidence in the North American market, and we look forward to continuing to enhance and innovate the market for our customers in the market."

Recent strategic partnerships include institutional clients such as Exodus Movement, which selected Crypto.com Custody Trust Company to provide digital asset custody, strengthening its treasury security with institutional-grade infrastructure and regulatory compliance.

Eric Anziani, President and COO of Crypto.com, said: 

"By providing our best-in-class, regulated and secure custody solutions, we help Exodus strengthen its treasury management while continuing to innovate for millions of customers worldwide."

The custody company recently achieved SOC 1 Type II and SOC 2 Type II compliance, underscoring its commitment to robust security and transparency for institutional clients. It also carries USD $120 million total crime and specie insurance coverage.

Founded in 2016, Crypto.com aims to accelerate cryptocurrency adoption through innovation and offers custody services designed for institutional users requiring high levels of security and regulatory adherence.