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Balance
Techstars '19Toronto, CA · Founded 2017 · 19 employees on LinkedIn · 3 known investors
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Balance is Canada's largest digital asset custodian, serving clients with blockchain and cryptocurrency custody solutions. The company leverages deep expertise in software development, compliance, finance, and regulation.
Also known as Balance Trust Company
Founders & leadership
Balance was founded in 2017 by George Bordianu and Baha Nurlybayev.
Investors · 3
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us
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Funding
SEC filings, press & company announcements- Undisclosed amountSeries BJul 2022Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Balance is a digital asset custodian that describes itself as an insured, qualified custodian in both Canada and the United States, operating under the entity name Balance Trust Company. Its platform is positioned as an operating system for digital assets, letting institutional clients custody, manage and access crypto assets and fiat through a single system. Core capabilities include qualified custody of digital assets and fiat, wallet infrastructure spanning unlimited offline and warm wallets with API access and off-chain settlement, automated record keeping and regulatory reporting, collateral management via tri-party wallet control agreements, and escrow services intended to reduce settlement risk on high-value transactions.
Alongside custody, Balance connects clients to integrated third-party service providers for borrowing against custodied assets, lending (with Balance acting as service agent for the loan), staking through providers such as Attestant, Figment and P2P, structuring of custom products, and conversion between digital assets and fiat through a client's chosen liquidity provider. These services are stated to be provided directly by third parties to qualifying individuals and entities, subject to applicable law and Balance's terms of use. Supported assets listed on the company site include Bitcoin, Ethereum and ERC-20 tokens, Solana and Solana tokens, Cardano and Cardano assets, Stellar assets, XRP, Litecoin, Midnight, Filecoin, Polyx, liquid staked ETH, Eigen, Pax Gold, and stablecoins including USD Coin, Tether, Binance USD, Frax USD, Paxos, QCAD and Stasis EURS.
Business model
Balance charges clients for custody and transfer infrastructure; its website includes a pricing calculator based on assets under custody and monthly transfer volume, indicating a fee-based model tied to asset balances and transaction flow. Adjacent services such as borrowing, lending, staking and liquidation are delivered by integrated third-party providers rather than by Balance directly.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Positions itself as an established institutional custodian in North America, with client statements describing it as among the best custodians in the region.
Balance emphasizes regulated status as a qualified Canadian and US custodian, insurance coverage, scale (billions in assets and transfers processed), and a track record since 2017. Client testimonials on its site highlight speed of custom integrations relative to larger custodians and arrangements that let counterparties retain full legal title to custodied assets.
Technology
The platform provides offline (cold) and warm wallet infrastructure without stated wallet-count limits, API access, off-chain settlement between accounts, and tri-party wallet control agreements used for collateral arrangements. It supports multiple blockchains and token standards, and has integrated EigenLayer restaking, described by Eigen Labs' COO as institutional restaking adoption in Canada and the United States.
Go-to-market
Direct enterprise sales, with prospects routed through a "Book a Demo" form that segments by business type, plus a published sales phone line and email address. The company also lists ecosystem partners and integrated service providers that extend its offering.
Institutional participants in digital asset markets, including OTC desks and proprietary traders, trading and exchange platforms, lending desks and platforms, market makers and liquidity providers, institutional investors and asset managers, and corporate entities and high-net-worth individuals. The company's intake form also lists banks, corporate treasuries, family offices, fund managers, broker-dealers, mining farms, payment networks, stablecoin providers and staking providers as business types served.
Geography
Headquartered in Toronto, Canada, with custodian status described as covering both Canada and the United States.
History
The company states it was established in 2017 and has processed billions in assets and transfers. Its custody entity is referred to as Balance Trust Company, which has integrated EigenLayer restaking for institutional clients in Canada and the United States.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Related companies · 4
Companies working in the same space as Balance.
Timeline · 1
launches, deals, and filingsBalance Trust Company integrated EigenLayer, described by Eigen Labs COO Alan Curtis as a step for institutional restaking adoption in Canada and the United States.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 1
primary sources listed
- Balancebalance.ca · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Balance do?
- Insured digital asset custodian offering qualified custody, wallet infrastructure and settlement services to institutions.
- Who founded Balance?
- Balance was founded by George Bordianu, Baha Nurlybayev in 2017.
- Who are Balance's investors?
- Balance's investors include Techstars, Waterloo Accelerator Centre, Blockchain Founders Fund.
- Where is Balance headquartered?
- Balance is headquartered in Toronto, CA.