Canadian Digital Asset Custodian Brane Capital Now Seeking Approval for U.S. Trust Charter

Brane Capital, a digital asset custodian based in Canada, recently announced it has completed an extensive application filing process for a public trust company charter with the South Dakota Division of Banking. The company reported that the charter will allow it to offer the full spectrum of digital asset custody services to financial institutions, asset managers, and other institutional clients across the U.S. market. 

While sharing more details about the application process, Jerome Dwight, Brane Capital’s President, commented:

“Just as Canadian banks are known around the world for their stability and reliability, Brane’s objective is to bring confidence and assurance to the blockchain economy by providing independent, unconflicted safekeeping for digital assets to institutional clients.”

Founded in 2017, Brane Capital describes itself as a Canadian fintech with a focus on blockchain technology and digital asset custody.

“We offer products and solutions that will make this technology accessible, secure, and useful for everyone. Through lean, focused, and growth-oriented operations, Brane aims to become a leading provider for trusted and secure exposure to digital assets.”

The charter application news was announced less than two months after Brane Capital revealed it has appointed Dwight as its new President. According to Brane, Dwight led the BNY Mellon’s international expansion of corporate and institutional global custody and wealth management services across the Americas and Europe. Dwight spoke about the appointment by stating:

“I’m excited to join Canada’s most innovative blockchain company as we embark on a period of rapid growth. Brane has the industry-leading technology and expertise to become a cryptocurrency bank, and I look forward to working with this exceptional team of innovators to make that vision a reality.”

Brane added it will offer U.S. clients its fully-managed custody solution, in addition to a white-labeled Platform as a Service (Paas) offering that can be easily integrated into the client’s existing systems.

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