Tetra Trust Company, a regulated financial institution, has made history by becoming Canada's first qualified cryptocurrency asset custodian. On July 5, 2021, Tetra Trust received its registration certificate from the Alberta government, complying with National Instrument 31-103 (Registration Requirements, Exemptions, and Ongoing Registrant Obligations) and National Instrument 81-102 (Investment Funds).
Key Milestones for Tetra Trust
- Regulatory Approval: Officially recognized as Canada’s premier regulated crypto custodian.
- Strategic Funding: Completed multi-round financing led by prominent investors, including Coinbase Ventures, Mogo, Canadian Securities Exchange, and Coinsquare.
Core Services
Tetra Trust specializes in custody and storage solutions for:
- Bitcoin (BTC)
- Ethereum (ETH)
- Other digital assets
- Tokenized securities
Prior to Tetra’s launch, Canada’s crypto custody market relied on U.S. providers and unregulated local custodians.
Leadership Insights
Eric Richmond, CEO of Tetra Trust:
"We’re thrilled to introduce a Canada-based custody solution to meet growing demand. Canada has emerged as a hub for crypto-related public companies, ETFs, and trading platforms—all requiring regulated custodians."
Jenna Kaye, Chair of Tetra Trust’s Board:
"Digital asset adoption has surged over the past six months. Tetra’s model, driven by a consortium prioritizing Canada-specific solutions, bridges regulatory trust with market needs."
Market Goals
- Target: Over $1 billion in assets under management by year-end 2021.
- Current Market: Estimated in the tens of billions for crypto custody services.
👉 Explore how Tetra Trust is revolutionizing crypto custody in Canada
Strategic Investors
Tetra’s funding rounds included participation from:
- Coinsquare (Leading Canadian crypto exchange)
- Coinbase Ventures (Investment arm of NASDAQ-listed Coinbase)
- Canadian Securities Exchange (CSE)
- Mogo Inc. (NASDAQ/TSX-listed fintech firm)
- Urbana Corporation (TSX: URB)
- Caldwell Growth Opportunities Fund
FAQs
Q: Why is regulated custody critical for crypto assets?
A: Regulation mitigates risks like theft and loss, enhancing institutional confidence.
Q: What makes Tetra Trust unique?
A: It’s the first Canada-focused, regulated custodian backed by a consortium of strategic investors.
Q: Which assets does Tetra Trust support?
A: BTC, ETH, and diverse digital assets/tokenized securities.
About Tetra Trust Company
Headquartered in Calgary, Alberta, Tetra Trust is a regulated crypto custodian specializing in secure key management for crypto service providers, investors, and trustees.
Media Contact:
Leanna Kruk, VP at Brookline PR
Email: [email protected]
Phone: 403-390-2170
👉 Discover more about Tetra Trust’s innovative custody solutions