According to ChainCatcher, Canadian digital asset custodian Balance established Balance Trust Company as a special purpose trust under the Loan and Trust Corporations Act of Alberta this week, according to Crowdfund Insider.

It is reported that the trust is associated with a patent certificate issued by the Alberta Fiscal Board and Ministry of Finance (ATBF), and Balance has pledged to provide $10 million in regulatory capital to the new wholly-owned subsidiary to become a qualified Canadian and US custodian.