Crypto.com launches a US trust company to offer digital asset custody services, marking a major step in its North American expansion strategy. Crypto.com has announced the establishment of a new US-based trust company to offer custody services for digital assets. This development marks an important milestone in the company’s expansion within North America, particularly targeting high-net-worth individuals and institutional clients in the United States and Canada. Known as the Crypto.
com Custody Trust Company, the new platform will oversee the secure storage of digital assets for qualified clients. Over the coming weeks, Crypto.com will transition assets for US and Canadian customers to the custody platform, ensuring continuous access to accounts and funds during the process. This move reflects Crypto.com’s confidence in the North American market, as stated by CEO Kris Marszalek. Marszalek highlighted the significance of this step, emphasizing the US and Canada as two of the most crucial markets in the crypto space. The launch aligns with Crypto.com’s strategy to innovate and expand its offerings, solidifying its presence in a rapidly evolving market. Based in Singapore, Crypto.com has been growing its footprint globally. This year has seen significant progress, including securing various regulatory approvals worldwide. The launch of the US trust company follows the acquisition of Watchdog Capital, a US SEC-registered broker-dealer, further strengthening the company’s position in North America. Earlier this month, Marszalek visited President-elect Donald Trump at Mar-a-Lago, signaling Crypto.com’s willingness to collaborate with the upcoming administration. In a related development, the company dropped a lawsuit against the US Securities and Exchange Commission (SEC), which had been filed in October following a Wells notice about potential enforcement action
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