Crypto.com, the Singapore-based digital asset exchange giant, has announced its plans to offer custody services for high-net-worth individuals and institutions in the US and Canada. To facilitate these new services, Crypto.com has launched a US trust company and intends to transfer all US and Canadian customer digital assets to the new trust company for custody in the coming weeks.

The move reflects Crypto.com’s confidence in the North American market, according to Kris Marszalek, the co-founder and chief executive of the company. He stated, “Launching a U.S. trust company is our latest significant step in our product roadmap to building our business and presence in two of the most important and active crypto markets in the world – the U.S. and Canada.” Marszalek recently met with US President-elect Donald Trump to discuss the possibility of a national Bitcoin reserve.

Earlier this year, Crypto.com acquired the US broker-dealer Watchdog Capital, allowing them to launch equities trading for American customers. Watchdog Capital is registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).

According to CoinGecko, Crypto.com is currently the 16th-largest digital asset exchange in the world in terms of 24-hour normalized volume.

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