The digital assets landscape has been challenging to all industry players over the past year with the FTX collapse in late 2022 being a trigger point.
That said, the Calgary-based crypto custodian Tetra Trust still made the list of Calgary.tech’s top homegrown startups to watch in 2023. In fact, the company has managed the handle the rough going rather well.
Tetra can be expected to benefit from the recent WonderFi-Coinsquare-Coinsmart combination as the company, now 43% owned by WonderFi, will have an inside track working with what is now Canada’s largest crypto exchange.
Tetra has also been expanding its service offerings to enhance its market position as the country’s leading regulated and compliant digital assets custodian. This week the company released Tetra Custody API to provide users with enhanced data access and automation capabilities for their digital assets. An API is an application programming interface that allows different applications to communicate and share information with each other.
“Our goal at Tetra is to provide our clients with the highest standard of digital asset custody solutions,” said Didier Lavallée, Tetra’s CEO. “The launch of our Custody API is a significant milestone in our journey to simplify and enhance the user experience through automation.”
Tetra’s Custody API includes
The initial version of the API introduces essential endpoints that establish a seamless and transparent user experience, enabling customers to monitor and manage their digital assets with ease typically on one platform and with less interfaces to navigate. Tetra plans to continue to enhance the API in future.
By introducing such an innovative solution for its clients, this Calgary-based company continues to set the standard for crypto custody in Canada.