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 us build a trusted brand for digital asset custody in Alberta,” added Adam Miron, Interim CEO of Brane Inc. and Chair for both Brane and Brane Trust’s boards of directors.
Brane Trust’s directors include:
Detailed biographies are available on the Brane website at www.brane.ca/about/.
In the coming weeks, Brane Trust expects to announce key hires, the location of its Calgary headquarters, and further regulatory milestones.
Founded in 2017, Brane Inc. is a carbon neutral, independent Canadian cryptocurrency 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 Alberta’s Financial Services Sector Concierge
Alberta’s government is committed to diversifying the economy and bringing more jobs to Alberta by making it easier for financial services companies to develop new products and services and set up shop here in our province. Alberta’s Financial Services Concierge works closely with Invest Alberta to save job creators time and money by guiding them through our province’s regulatory environment and providing the information needed to operate in Alberta’s financial sector. For more information or to connect with the concierge, visit: https://investalberta.ca/financial-services-concierge/.
This press release contains forward-looking information and forward-looking statements (together, “forward-looking statements”) within the meaning of applicable securities legislation, which reflect Brane’s current expectations regarding future events, including statements relating to: the ability of Brane to become carbon neutral, the ability of Brane and other market participants to reduce greenhouse gas emissions. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of words or phrases such as “create”, “continue to”, “expand”, “accelerate”, “enhancing”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” occur. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Brane’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. All forward-looking statements made in this press release are made as of the date hereof and Brane does not undertake any obligation to update such forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.