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

Kris Marszalek, co-founder and CEO of Crypto.com, stated that this move demonstrates the company’s confidence in the North American market. He also mentioned that establishing a US trust company is part of their strategy to expand their business and presence in the two most important and active crypto markets globally.

Earlier this month, Marszalek met with US President-elect Donald Trump at Mar-a-Lago to discuss various topics, including the possibility of a national Bitcoin reserve.

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

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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