“Balance has truly built a next-generation custodian. Through this trust charter registration and the growing number of ecosystem partner integrations, we continue to set the regulatory-compliant path to become Canada’s digital asset rails. We are grateful to the entire team at Alberta’s Treasury Board and Finance for working over the last year and a half with us to have set the foundation for realizing this vision,” said James Slazas, Director of Balance Trust Company.
“Canadian asset managers and registered CTPs have historically been forced to rely on US custodians due to the lack of local regulated options. Since 2021, we’ve sent over $5 billion worth of digital assets to organizations outside of Canada instead of growing our own ecosystem. If Canada wants to remain a leader in financial services on the global stage, it’s time to put an end to this offshoring and bring those assets home to well-regulated, local, and secure custodians like Balance,” said Jean Desgagné, Director of Balance Trust Company.
Full announcement: https://t.co/6YRn9CZpXn
#balancetrustcompany #balance #custody #digitalassets #crypto
We are thrilled to share the success of the recent Trade Mission in Alberta hosted by the Canadian Blockchain Consortium. A heartfelt thank you to Premier @ABDanielleSmith, Minister of Service Alberta and Red Tape Reduction @DaleNally_AB, and Minister of Technology and Innovation @nateglubish for their participation and openness to engage with us and the industry.
We are more confident than ever that our move to Alberta was the right choice in building our business and pursuing our trust license. We're looking forward to building the foundations of Canada's digital asset industry as more companies follow in our footsteps here.
Thank you @Koleyayyc and the @Blockchain_CBC team for organizing a memorable trade mission during the @calgarystampede. We look forward to participating in future missions together.
#balancetrustcompany #balance #custody #digitalassets #crypto #canadablockchain
Our co-founder and CEO @george_balance took some time to sit down with @FuturFlo of @BlockchaiNorth as we work towards becoming incorporated as a special purpose trust company.
In this interview, George discusses the importance of digital asset security, our successful journey to achieving SOC 2 Type 2 certification, our commitment to building robust infrastructure for digital asset custody in Canada, and much more.
🔗 Watch the full interview: https://t.co/IxGxtv8l14
#custody #digitalassets #crypto
Balance relocates to Alberta.
“Ontario gave us the solid ground we needed to start, however Alberta's regulatory framework and positive reception to our industry gives us the foundation needed to grow. In particular, the existence of a special-purpose regime for provincial trusts is extremely attractive, as it provides the structure we need to become a qualified custodian, without having to satisfy regulatory requirements pertaining to activities we don’t perform such as deposit-taking business. We're grateful for our beginnings in Ontario and enthusiastic about the opportunities in Alberta.”, said @balance_canada's CEO, George Bordianu.
“We extend a warm welcome to Balance as the company relocates its office and team to Calgary, Alberta. Our tech and business communities have created a supportive environment for new companies to thrive, which is a unique advantage that Alberta offers to companies worldwide and across Canada.”, said Rick Christiaanse, the CEO of @Invest_Alberta.
“We have made Alberta the best place to work in Canada to work in tech and have a tech company. This move by Balance just demonstrates our growing reputation as an international hub of investment and innovation.”, said @nateglubish, Alberta’s Minister of Technology and Innovation.
“I am pleased to welcome Balance to Calgary from Toronto and look forward to their contributions to our growing tech ecosystem. Alberta’s talent, world-class education system, and pro-investment policies continue to draw businesses from across the country further solidifying Alberta as the economic engine of Canada.”, said @MattJonesYYC, Alberta’s Minister of Jobs, Economy, and Trade.
Full announcement: https://t.co/7R0BiHHakP
#Alberta #InvestAlberta #BigBoldAlberta #yyc #yyctech #ABtech #custody #digitalassets #crypto
The US SEC approves #BitcoinETFs in a watershed moment for the industry. This is a pivotal moment, as it establishes a significant bridge between the traditional and digital asset ecosystems. We can't wait to see how the industry develops over the next few years.
Read more: https://t.co/NiklVJovTn
#Cryptocurrency #Bitcoin #ETFsApproval
You can get fit at ANY age.
Normalize looking and feeling
better in your 30s, 40s & 50s
vs your 20s.
I’d rather be the oldest person
in the gym than the youngest
person in the graveyard.
Incentives Drive Behaviour:
- Lawyers always want another revision (paid $500/hr)
- Realtors always want to close a sub-par deal (2% fee means a $20,000 more for you isn't worth it for them)
- Wealth Managers will always push for the structure that pays them the most - usually more raw dollars (they get paid on AUM + additional trade fees, not results)
"Never ask a barber if you need a haircut"
–Warren Buffett
🇨🇦
1/18
Medium🧵
11 November. Remembrance Day. Lest We Forget / N'oublions pas.
Although the narrative below focuses on the Canadian soldier I will suggest it applies equally to our sailors & aviators, male & female throughout the @CanadianForces.
Finally someone asking a valid question instead of asking me which design I prefer.
For me, the implementation is defined by my target audience.
Older? All open, no accordion
Younger? All closed
Unknown? First Q open, rest closed, w/ open Q determined by data or feedback.
We filed an application to incorporate a special purpose trust company, Balance Trust Company, with Alberta's Treasury Board and Finance under the Loan and Trust Corporations Act (Alberta). This is a significant step towards becoming a qualified Canadian custodian, which we hope to be welcome news to companies in the local digital asset and crypto ecosystem.
Read the announcement: https://t.co/cv9yvN1Z26
#custody #digitalassets #crypto
TIL: “FNU” stands for First Name Unknown and is used for people who only have one name. Turns out it’s not a super common Uber driver name after all. 💁🏻♂️🌈
Reframing your perspective is a powerful move. When you feel stuck or resistant, pause and look for the upside. Shifting your thinking from ‘I have to do this’ to ‘I get to do this’ engages curiosity. This turns every experience into a chance for growth, wisdom, and understanding
We're proud to celebrate 6 years today of successfully serving our clients through what's become Canada's most complete digital asset custody solution. Whether offline or warm wallets, $100k or $100M, you can count on us to secure your assets and join you as a true partner on your journey to grow your business. We're grateful and would like to extend a big heartfelt thank you to all of our supporters. Cheers to the next 6 years!
Learn more about what we do: https://t.co/ecvTPAcs2U
#innovation #digitalassets #crypto #custody
“Enabling our counterparties to retain full legal title on their assets is a complete game changer for them. ‘Not your keys, not your crypto’ might not be realistic to achieve, however ‘Not your title, not your crypto' most certainly is through @balance_canada.” - @AMcDougall_SC, President and CEO of Grapes
Learn more about Balance Custody: https://t.co/ecvTPAcs2U
Learn more about Grapes: https://t.co/lD7K62qz2Y
#custody #digitalassets #crypto #legaltitle #QCAD
Cc. @stablecorp