- Knox and Tetra Trust Company will join forces to create a Canadian-based cryptocurrency custody solution.
- The partnership will bring together Tetra’s regulated status and Knox’s cryptocurrency custody expertise.
- Knox will continue to operate independently despite the acquisition of several of the entity’s custodial stack that will be activated under the Tetra Trust roof.
Cryptocurrency custody firm Knox will be joining forces with Tetra Trust Company, which is a qualified custodian in Canada. The two entities will be joining forces to create a trusted, top-level custody solution for the Canadian market.
The partnership will see Tetra’s regulated status and Knox’s cryptocurrency custody expertise come together to offer institutional clients an insured custodial solution. The long-term goal of this agreement is to bring back the billions of dollars in digital assets sitting outside of Canada.
Knox CEO Alex Daskalov stated in an email that this is not an acquisition of Knox even though Tetra Trust will be acquiring several of Knox’s custodial stack to be activated under the Tetra Trust roof.
Knox will continue as ...