Canadian crypto custody provider Balance has achieved qualified custodian status, prompting CEO George Bordianu to call for Canada's ETF digital assets to be brought back home. Currently, assets underlying ETFs issued by providers 3iQ, Purpose Investments, and Evolve are held in sub-custody arrangements by US exchanges Coinbase and Gemini. Bordianu argues that Canada needs to build its own infrastructure to handle these assets, rather than relying on foreign exchanges. He highlights the importance of simplifying the picture and making it cheaper and easier for new asset managers to launch ETFs and mutual funds in Canada.



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