, said Binu Koshy, a spokesperson for the companies. In addition, the combined entity will look to invest heavily in the SmartPay payment platform for digital currencies, which was launched by CoinSmart in 2020.under their purview. As a result of that crackdown, foreign players including Binance and FTX — before the latter’s collapse triggered fraud allegations in the United States — had their operations in Canada curtailed and both have pulled out of the country.
“Those days are now behind us,” he said in the news release, noting that being part of a large regulated ecosystem now provides an advantage.As a result of the latest transactions, WonderFi also holds a 43 per cent ownership stake in Tetra Trust Company, Canada’s first licensed digital asset custodian.
On closing, WonderFi’s board was reconstituted with the following directors appointed: Bobby Halpern, Justin Hartzman, Christopher Marsh, G. Scott Paterson, Wendy Rudd, Dean Skurka, Nicholas Thadaney, Jason Theofilos and Michael Wekerle.Article content
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