Calgary-based crypto custodian Balance has acquired Wyoming digital asset firm DVTR, expanding its services across most U.S. states. Financial terms were not disclosed. Balance is one of only three Canadian companies registered as qualified crypto custodians, allowing it to store and manage digital assets for financial institutions.
The acquisition comes as banks in Canada and the United States increase crypto experimentation amid easing regulations. In July, Balance began providing bitcoin custody for clients of Alberta’s Bow Valley Credit Union. The DVTR deal will enable Balance to support stablecoin issuance, tokenized deposits, and digital asset credit card payments for institutional customers.
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