DMG Announces Investment in Digital Asset Custody Solution

DMG Blockchain Solutions announces 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.Systemic Trust Company Ltd. (“Systemic Trust”) 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.

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Lawrence Truong will be leading Systemic Trust as Chief Executive Officer, leveraging his 25 plus years of experience in the capital markets, expertise in regulatory compliance, extensive network and relationships that meet the compliance requirements expected by regulators and financial institutions alike. Lawrence commented, “I am excited to join the DMG family and plan to use my experience and expertise to build bridges between traditional finance (TradFi) and blockchain to further blockchain adoption. Given DMG’s strong digital asset team, we will have the opportunity to build infrastructure that can service the needs of the largest financial institutions.”DMG’s CEO Sheldon Bennett added, “Lawrence brings a wealth of experience and contacts that could significantly enhance DMG’s Core+ strategy to monetize bitcoin transactions. We are excited to add him to our team and focus the company’s software development in a way that could significantly increase DMG’s software revenue over time.”

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About DMG

DMG’s mission is to lead the crypto industry monetizing bitcoin transactions that meet the most stringent compliance and ESG requirements.

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Blockseer/Core+

Blockseer blockchain software products help enable crypto adoption and growth.

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