VANCOUVER, British Columbia--(BUSINESS WIRE)--Aquanow, Canada’s leading digital assets infrastructure and liquidity provider, is pleased to announce the regulatory approval of its subsidiary, AQN Asset Management Ltd. (“AQN Digital”) in Canada to operate as: “Portfolio Manager”, “Investment Fund Manager”, and “Exempt Market Dealer” by the British Columbia Securities Commission (BCSC); and as “Portfolio Manager” and “Commodity Trading Manager” by the Ontario Securities Commission (OSC).
AQN Digital was established to provide Canadian investors with convenient and safe access to digital assets. Leveraging the significant experience and infrastructure built at Aquanow, AQN Digital will bring its combined digital assets expertise and investment backgrounds to deliver innovative solutions for its partners and clients.
AQN Digital is appreciative of the work by the BCSC and OSC to define a regulatory framework allowing the company to pioneer sophisticated digital assets investment funds for Canadians in a safe and transparent manner. The framework enables AQN Digital to pursue novel activities such as decentralized finance and crypto-asset lending when suitable, to achieve investment objectives for its clients.
“AQN Digital will provide Canadians with exciting opportunities to invest easily and securely for exposure to crypto markets and blockchain technologies,” said Phil Sham, CEO of Aquanow and Chairman of AQN Digital. “Alongside Aquanow, we look forward to AQN Digital being an industry leader, contributing to the evolution of the digital asset class in Canada in partnership with our clients and regulators.”
Aquanow is a leading infrastructure provider that enables institutional clients for trading and payments with digital assets. Each month, billions of dollar value pass through our platform for a broad range of financial services. We serve an international customer base that includes the world’s fastest-growing financial institutions, internet platforms, and progressive businesses.
Established in 2018, Aquanow currently has over 70 team members.