Wealthsimple has named Calgary-based Tetra Trust as its first Canadian digital asset custodian. Wealthsimple, which began offering crypto in 2020 and now supports nearly 100 tokens, praised Tetra’s regulatory approach and domestic infrastructure. “Tetra Trust has a solid track record,” said Blair Wiley, Chief Legal Officer at Wealthsimple.
Tetra, founded in 2019, holds digital assets in cold storage using institutional-grade protection. CEO Didier Lavallée called the move “a significant milestone.” Wealthsimple continues expanding its product lineup and profitability, recently acquiring San Francisco’s Plenty. The partnership signals a deepening of Canada’s financial infrastructure for regulated crypto custody.
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