Toronto’s Virgo is expanding its digital asset management services into the United States.
The Ontario firm is utilizing digital asset custodian Balance to help fuel the expansion.
Calgary’s Balance, founded in 2017, is poised to provide client-facing execution and settlement services while Virgo is set to act as an authorized delegate and liquidity provider within its framework, according to a statement from the Canadian fintech innovators.
The reason for the expansion is clear if you ask Adam Cai, a cofounder and chief executive officer of Virgo.
“The U.S. is the most important institutional market for digital assets today,” he says.
But navigating the complexities of U.S. regulatory environments requires specialized, compliant infrastructure.
Balance’s platform addresses these requirements by providing regulated execution, custody, and settlement services to institutional clients, while integrating liquidity from approved counterparties—such as Virgo.
“Through our collaboration with Balance USA, we’re able to bring the same high-touch OTC execution and deep liquidity that our clients rely on globally into the U.S. market,” says Cai.
All trades are pre-funded and settled using Balance’s proprietary custody platform developed in-house through eight years of research and development.
“By using Balance, our team can remain focused on delivering the concierge experience institutional clients expect, knowing that the underlying execution, custody, and settlement mechanics are supported by a partner that prioritizes regulatory excellence,” Cai said.
Institutional trading in digital assets is “evolving rapidly,” according to George Bordianu, cofounder and CEO of Balance.
“At Balance, we’ve built the regulated infrastructure to support that next phase of growth in the U.S. market, and provide a secure environment for Virgo to focus on market expertise and client service,” he says.
“Firms like Virgo are raising the bar for execution quality and client service,” Bordianu added. “Over the past few years Virgo has quickly established itself as a leader in high-value transactions, and we are pleased to be able to provide the infrastructure that helps them scale.”
