DMG Blockchain Solutions Inc. announced it has committed CAD 3.5 million to establish a Calgary, Alberta based independent digital asset custody solution for institutional clients. The capital commitment is part of DMG's Core+ strategy and its mission to advance broader digital asset adoption by building credibility and trust in cryptocurrency and digital assets for investors. DMG will bring together secure institutional wallet solutions, strong insurance policies, rigorous risk management practices, best in class off-exchange liquidity as well as innovative OFAC compliant and carbon neutral blockchain solutions to meet institutional demand.

The capital commitment for this digital asset custody solution will be made over time and as required to support the regulatory review process. Systemic Trust Company Ltd. is a wholly owned subsidiary of DMG, which subject to regulatory approval, will provide regulated custody of digital assets to institutional clients such as financial institutions, asset managers, corporations and public sector organizations seeking to manage digital assets. Systemic Trust will be overseen by an experienced and diverse Board of Directors.