Crypto.com has announced a new trust company in the United States that will offer custody services for digital assets. The Crypto.com Custody Trust Company is an important part of the company’s growth plan in North America, focusing on wealthy individuals and institutions in the U.S. and Canada.
The platform will safely store digital assets for qualified clients. In the coming weeks, it will move existing assets for U.S. and Canadian customers to this new custody service, while keeping their accounts accessible.
CEO Kris Marszalek highlighted how important this development is, pointing out that the U.S. and Canada are key markets in the cryptocurrency world. The trust company fits well with Crypto.com’s plan to improve and expand its services, strengthening its position in a fast-changing market.
The company is based in Singapore and has made important progress around the world. It has received several regulatory approvals and acquired Watchdog Capital, a U.S. SEC-registered broker-dealer, strengthening its operations in North America.
Marszalek met with President-elect Donald Trump, showing that Crypto.com is ready to work with the new administration. The company has also dropped a lawsuit against the U.S. Securities and Exchange Commission (SEC) that was started after receiving a Wells notice about possible enforcement actions. This choice shows Crypto.com’s dedication to collaborating with regulators to create a stable environment for the cryptocurrency industry.
In 2023, Crypto.com had a good year, even with some regulatory issues. They sponsored the UEFA Champions League and got Electronic Money Institution status in the UK. The company is working to innovate and grow its presence in the global cryptocurrency market, especially in North America and Europe.
