Blockchain
Brane Receives Letters Patent of Incorporation for Alberta-Based Digital Asset Trust Company
Calgary, Alberta–(Newsfile Corp. – December 9, 2021) – Brane Inc. (“Brane”), a leading independent cryptocurrency custody solutions provider, has received approval from the Minister of Treasury Board and Finance in the Province of Alberta for the incorporation of Brane Trust Company Ltd. (“Brane Trust”).
Brane is now working with Alberta’s Ministry of Treasury Board and Finance to obtain 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 either manage cryptocurrencies, or are seeking to expand their business into cryptocurrency services.
“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,” said Adam Miron, Executive Chair and interim CEO of Brane. “We are committed to investing in Alberta’s communities and feel privileged to bring our technology and financial acumen to an already vibrant and growing fintech sector in the province,” added Dave Revell, member of Brane’s board of directors and former Executive Vice President and Global Chief Information Officer at CIBC.
Brane Trust will be headquartered in Calgary and is expected to create up to 100 full-time jobs over five years while contributing to Alberta’s growing fintech and blockchain ecosystems.
“Tech companies, like Brane Trust, who are choosing to invest in our province is confirmation of the competitiveness of our business environment,” said Travis Toews, Alberta’s President of Treasury Board and Minister of Finance. “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.”
“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,” said Doug Schweitzer, Alberta’s Minister of Jobs, Economy and Innovation. “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.”
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About Brane
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 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.
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/.
Forward-Looking Statements
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.
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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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