馃嚚馃嚘 Canada Introduces Four-Tier Custody Framework After QuadrigaCX Lessons
馃嚚馃嚘 Canada Introduces Four-Tier Custody Framework After QuadrigaCX Lessons
馃敀 Canada's custody crackdown
Canada's Investment Industry Regulatory Organization (CIRO) has implemented a new digital asset custody framework designed to protect investors following the 2019 QuadrigaCX collapse.
The four-tier system ranks custodians by reliability:
- Top-tier firms can manage 100% of client assets
- Lower-tier custodians face strict percentage caps
- Rankings based on security infrastructure and governance
Key requirements for all custodians include:
- Robust key management protocols
- Comprehensive cybersecurity measures
- Incident response plans
- Insurance coverage
- Independent audits
The framework aims to reduce risks from hacks, fraud, and weak governance while maintaining space for industry innovation. Earlier this week, Canadian custody specialist Balance became one of the first qualified custodians under the new rules.
馃毃 Canada tightens the rules on crypto custody 馃嚚馃嚘 CIRO has rolled out a new digital asset custody framework to reduce risks from hacks, fraud, and weak governance. Custodians are now ranked into 4 tiers, with top-tier firms allowed to manage 100% of client assets, while lower
BRIDGERS Adds Cross-Chain Support for U Token on BSC
BRIDGERS has integrated support for the **$U token** on Binance Smart Chain (BSC), enabling users to route the token across multiple blockchains. The platform uses: - Smart contract-based execution - Non-custodial architecture - Aggregated liquidity pools Users maintain control by authorizing transactions while BRIDGERS handles the routing infrastructure. The service follows a recent addition of **wXAUT** token support on the CELO network. BRIDGERS operates as a cross-chain bridge solution, allowing token transfers between different blockchain networks without requiring users to surrender custody of their assets. [Access the platform](http://dapp.bridgers.xyz)
Bridgers Increases Bitcoin Transaction Capacity to Nearly 2 BTC Per Swap
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馃寜 Bridgers Enables Cross-Chain Bitcoin Transfers
**Bridgers now supports BTC cross-chain transfers**, allowing users to move Bitcoin between different blockchain networks. **How it works:** - Connect your wallet to [Bridgers dApp](http://dapp.bridgers.xyz) - Select your transfer route - Set the amount - Authorize the transaction The platform operates in the background to facilitate Bitcoin transfers across chains. Bridgers aggregates liquidity across multiple ecosystems to calculate optimal execution paths for cross-chain transactions, eliminating the need for multiple protocols.
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馃殌 MON Token Goes Live on BRIDGERS Cross-Chain Platform
**MON token is now available on BRIDGERS**, joining the platform's growing ecosystem of cross-chain assets. **Key Features:** - Non-custodial execution through smart contracts - Aggregated liquidity across multiple chains - User-authorized transactions only BRIDGERS continues expanding its token support, having recently added BELG and AIRCOIN. The platform allows users to route assets across chains while maintaining full control of their wallets. **How it works:** - Users authorize transactions - BRIDGERS finds optimal routes - Smart contracts execute securely Access the platform at [dapp.bridgers.xyz](http://dapp.bridgers.xyz)