CALGARY, Alberta, Dec. 9, 2021 — Brane Inc. (“Brane”), a leading independent cryptocurrency custody solutions provider, has chosen Calgary, Alberta to headquarter its Brane Trust operations, creating up to 100 full-time jobs over five years and building on Alberta’s growing FinTech and blockchain ecosystems.
The corporation recently received approval from the Government of Alberta to incorporate Brane Trust Company Ltd. (“Brane Trust”). It is now obtaining a certificate of registration that will enable Brane Trust to provide highly secure custody of digital assets like Bitcoin and Ethereum for institutional clients such as banks, asset managers, corporations, and government agencies that manage cryptocurrencies or are looking to expand their business into crypto services.
Invest Alberta signed an MOU with the corporation in September 2021 and has assisted Brane with exploring the trust approval process and connecting with Alberta’s banking, regulatory and investment streams. Brane chose Alberta in part because of its streamlined regulatory approval processes.
The announcement signals more growth in Alberta’s FinTech ecosystem, building on the momentum of similar announcements from Tetra Trust and Royal Bank of Canada (RBC) in the summer of 2021.
“We’re pleased to receive our Letters Patent for Brane Trust – the latest milestone in our roadmap to provide a highly secure, independent, custody solution that will keep cryptocurrencies safe. Alberta has impressed us with its commitment to attracting innovative FinTech companies like Brane that will create well-paying, family supporting jobs in Alberta as we grow.”
– Adam Miron, Executive Chair and interim CEO of Brane.
“Tech companies, like Brane Trust, who are choosing to invest in our province is confirmation of the competitiveness of our business environment. We have created the right conditions for investment, and I welcome Brane Trust to our tech ecosystem and look forward to welcoming others in the future.”
– Honourable Travis Toews, Minister of Finance
“Brane’s decision to headquarter its trust operations in Alberta is a strong endorsement of Alberta’s competitive investment environment – including a highly skilled talent pool, world-leading innovation ecosystem, and sound regulatory environment for the fast-growing blockchain sector. These are the types of jobs and investments we created Invest Alberta to attract and appreciate the work they did to support Brane. We welcome and look forward to supporting Brane Trust as they put down roots in Alberta.”
– Honourable Doug Schweitzer, Minister of Jobs, Economy and Innovation
“Alberta’s financial services sector has experienced exceptional growth over the past decade, fueled by high levels of capital investment. Alberta’s high quality talent and competitive regulatory environment ensure companies like Brane can set up fast and succeed without limits in Alberta.”
– Rick Christiaanse, CEO, Invest Alberta
About Brane:
Founded in 2017, Brane Inc. is a carbon neutral, independent Canadian crypto custody service provider, helping institutional clients unlock the opportunities of blockchain and digital assets. Brane Vault, its core digital asset custody technology, is third-party certified to stringent global standards including ISO 27001, ISO 27017, and NIST CSF Tier 4, and insured against theft and crime.
About Invest Alberta:
The Invest Alberta Corporation is dedicated to investment attraction, with a mandate to engage the world and provide high-end tailored support to companies, investors, and major new projects. Alberta, Canada has the lowest corporate payroll and sales taxes; the youngest and highly educated workforce in Canada, and the most livable and affordable cities. Invest Alberta works to break down barriers so investors and businesses can start up, scale up, and succeed without limits.
Media inquiries
Invest Alberta Corporation
Communications@investalberta.ca
Brane
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