Calgary, Alberta--(Newsfile Corp. - March 1, 2022) - Brane Inc. ("Brane"), a leading independent cryptocurrency custody solutions provider, announced today the inaugural Board of Directors for Brane Trust Company Ltd. ("Brane Trust") - a wholly owned subsidiary of Brane that, following regulatory approval, will provide regulated custody of digital assets to institutional clients such as banks, asset managers, corporations, and public sector organizations seeking to manage cryptocurrencies.
Granted letters patent in October 2021, Brane Trust is now progressing toward a certificate of registration from Alberta's Ministry of Treasury Board and Finance that will enable the company to open for business. Brane Trust's development is overseen by a Board of Directors that includes five distinguished, Alberta-based directors.
"The recent incorporation of Brane Trust was a significant milestone in our roadmap to provide highly secure and independent custody that keeps cryptocurrencies safe on behalf of our clients," said Patricia McCunn-Miller, Director for Brane Trust. "While expanding into cryptocurrency services may seem like a risky and complex endeavour for institutions, we are proud to support that transition by providing a secure, flexible, and easy to use platform to manage digital assets."
Following regulatory approval, Brane Trust will provide custody of digital assets through a comprehensive, scalable and modular solution backed by strong insurance policies and institutional-grade risk management.
"I'm proud to be working with Brane, a company that combines innovation and trust, and represents a significant investment in Alberta's economy and tech sector," said Stephen Buffalo, Director for Brane Trust. "We look forward to working with Alberta's regulators and business community to build on our province's growing reputation as a great place to do business."
"The Brane Trust Board of Directors brings together a group of talented and experienced executives to help...