Canadian digital asset custodian Balance has established a special purpose trust subsidiary named Balance Trust Company and injected $10 million into it. This move is in accordance with the Loan and Trust Corporations Act of Alberta, aiming to qualify the subsidiary as a custodian in Canada and the United States. The trust is also associated with patent certificates issued by the Alberta Financial Services Commission and the Ministry of Finance.

Canadian digital asset custodian Balance established Balance Trust Company this week in accordance with Alberta's Loan and Trust Corporations Act, serving as a special purpose trust. The trust is associated with a patent certificate issued by the Alberta Treasury Board and Finance (ATBF). Balance has committed to providing $10 million in regulatory capital to this new wholly-owned subsidiary to become a qualified custodian in Canada and the United States. (Crowdfund Insider)

Canada's Balance establishes a special purpose trust subsidiary and invests 10 million US dollars.