cryptojournalist
Crypto.com has unveiled Crypto.com Custody Trust Company, a regulated service for securely storing digital assets in the US. This move targets institutions and wealthy individuals, with plans to transfer US and Canadian customer assets to the platform in the coming weeks.
CEO Kris Marszalek highlighted North America’s importance, calling it a critical market for Crypto.com’s growth strategy.
Key US Developments
Marszalek recently met with President-elect Donald Trump to discuss crypto policies. Following the meeting, Crypto.com dropped its SEC lawsuit, showing its intent to work with the new administration on crypto regulations.
Trump has stated his goal of making the US a leader in cryptocurrency and plans to appoint pro-crypto regulators when his term begins.
Crypto.com first launched in the US in 2022, focusing on institutional clients. After a brief pause in 2023, the company resumed operations and acquired Watchdog Capital to strengthen its US footprint.
Rise of Regulated Custody Solutions
The demand for regulated crypto custodians is growing in the US. Recent examples include:
BitGo, which launched a Web3 token custody platform in September.
Fireblocks, approved in August for custody services in New York.
Other licensed players like Coinbase Custody Trust, Fidelity Digital Asset Services, and Anchorage Digital NY.
These solutions cater to the increasing need for secure, compliant storage in the institutional crypto market.
