Newly-Qualified Crypto Custodian Balance Aims to Bring ETF Assets Held in the U.S. Back to Canada

"We have billions worth of retail assets in Canada's crypto ETFs that sit in the United States. We'd like to bring those assets back home. We're trying to simplify the picture, to make it cheaper and a little bit easier for new asset managers to do a few more ETF and mutual funds in Canada."

"The amount of crypto collectively held in Canada's ETFs might not seem like a big deal right now, but given the growth of things like tokenized real world assets and the proliferation of stablecoins, Canada needs to focus on building its own infrastructure to handle these assets."

Read at Coindesk