Crypto.com, which claims to be trusted by more than 100 million customers worldwide and the industry participant focused on regulatory compliance, security and privacy, has officially announced the launch of its U.S. trust company – Crypto.com Custody Trust Company.
By receiving a trust company charter, Crypto.com can offer custody services to eligible U.S. and Canadian institutions and high net worth clients.
Additionally, over the coming weeks, all U.S. and Canadian customer digital assets will be transferred to Crypto.com Custody Trust Company for custody.
All users in the U.S. and Canada will be contacted regarding this transition, and all impacted users will continue to have full access to their accounts and funds leading up to, during and following the transition.
Kris Marszalek, co-founder and CEO of Crypto.com said:
“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 America market, and we look forward to continuing to enhance and innovate the market for our customers in the market.”
Founded in 2016, Crypto.com says that it is trusted by more than 100 million customers worldwide and is committed to ensuring regulatory compliance, security and privacy.
Their vision is simple: Cryptocurrency in Every Wallet.
Crypto.com also claims that it is committed to accelerating the adoption of cryptocurrency through innovation.
Notably, Crypto.com revealed recently that Deutsche Bank will provide corporate banking services for Crypto.com in Singapore, Australia and Hong Kong, with a commitment to working closely to provide additional banking support and country coverage as the relationship progresses.
The banking announcement is a milestone for Crypto.com’s operations and will allow seamless corporate banking capability, “enhanced efficiency, and establish a strong banking foundation in the region.”
Karl Mohan, General Manager APAC and MEA and Global Head of Banking Partnerships for Crypto.com said:
“This is a momentous relationship for us and further highlights our commitment to security and compliance. Teaming up with one of the world’s leading financial services providers further cements our, already strong, presence globally and we are excited to build on this with the support of Deutsche Bank.”
Kriti Jain, Head of New Economy Corporate Coverage for APAC and Cash Sales for APAC & MEA for Deutsche Bank said:
“Our strong track record with serving global new economy clients, combined with our commitment to innovation and broad global network position us strongly to help Crypto.com with its long-term growth ambitions.”
This announcement follows a number of milestones for Crypto.com, including the Crypto.com product roadmap for 2025 and the launch of Crypto.com’s most significant benefits and rewards experience through Level Up.