CryptoCurrencyNews

Tetra Trust and Knox Form a Strategic Crypto Alliance

Tetra Trust updated it has partnered with KNØX Capital Inc. and KNØX Industries Inc. (known as Knox). Tetra is providing institutions with the ability to store crypto-related products in a regulated environment.

Crypto wallets in Tetra are generated and held offline with FIPS 140-2 certified Hardware Security Modules. Through the strategic partnership, Tetra will be supplying its custody services to Knox’s Canadian clients. Tetra Trust will also make use of Knox’s insurance policies.

Custody services have great demand in Canada following crypto-related  exchange  -traded funds (ETFs). The solution that the companies are providing to the Canadian market is a regulated custody service that is based in Canada.

Knox is the only custody service in Canada that has a SOC 2 Type 2 certification.

Tetra Trust was founded in 2019, it is the first Canadian firm to be a qualified custodian for crypto assets. In July 2021 Tetra earned its Certificate of Registration from the Government of Alberta. Knox is providing insurances for financial institutions in the crypto markets against theft or loss.

Remarks on the Strategic Partnership

Eric Richmond, CEO of Tetra Trust is pleased with the partnership. “Tetra is excited to partner with Knox as they have been a Canadian pioneer in  Bitcoin  custody.

“The institutional market for a trusted, secure custody provider for cryptocurrency continues to grow and Tetra is uniquely positioned as the first and only trust company licensed to custody digital assets to serve this growing market.”

Alex Daskalov, CEO of Knox said, “Canada has been a leader in Bitcoin’s institutional adoption, but has lagged with respect to qualified custodial services.

“Partnering with Tetra Trust is an important strategic move for Knox as it will bring our best-in-class insured custody infrastructure to new audiences.

“This is a big step forward in advancing the adoption of Bitcoin in Canada, and we look forward to serving institutional clients seeking the safest compliant option in the Canadian market.”

Tetra Trust updated it has partnered with KNØX Capital Inc. and KNØX Industries Inc. (known as Knox). Tetra is providing institutions with the ability to store crypto-related products in a regulated environment.

Crypto wallets in Tetra are generated and held offline with FIPS 140-2 certified Hardware Security Modules. Through the strategic partnership, Tetra will be supplying its custody services to Knox’s Canadian clients. Tetra Trust will also make use of Knox’s insurance policies.

Custody services have great demand in Canada following crypto-related  exchange  -traded funds (ETFs). The solution that the companies are providing to the Canadian market is a regulated custody service that is based in Canada.

Knox is the only custody service in Canada that has a SOC 2 Type 2 certification.

Tetra Trust was founded in 2019, it is the first Canadian firm to be a qualified custodian for crypto assets. In July 2021 Tetra earned its Certificate of Registration from the Government of Alberta. Knox is providing insurances for financial institutions in the crypto markets against theft or loss.

Remarks on the Strategic Partnership

Eric Richmond, CEO of Tetra Trust is pleased with the partnership. “Tetra is excited to partner with Knox as they have been a Canadian pioneer in  Bitcoin  custody.

“The institutional market for a trusted, secure custody provider for cryptocurrency continues to grow and Tetra is uniquely positioned as the first and only trust company licensed to custody digital assets to serve this growing market.”

Alex Daskalov, CEO of Knox said, “Canada has been a leader in Bitcoin’s institutional adoption, but has lagged with respect to qualified custodial services.

“Partnering with Tetra Trust is an important strategic move for Knox as it will bring our best-in-class insured custody infrastructure to new audiences.

“This is a big step forward in advancing the adoption of Bitcoin in Canada, and we look forward to serving institutional clients seeking the safest compliant option in the Canadian market.”


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