Purpose Investments Expands Digital Asset Custody with Three-Sub-Custodian Model
Event summary
- Purpose Investments added Anchorage Digital Bank as the third sub-custodian for its digital asset ETFs, effective July 21, 2026.
- The move makes Purpose the first Canadian digital asset ETF manager to operate a three-sub-custodian model.
- Purpose manages approximately C$2.4 billion in digital asset ETFs across eight funds.
- Anchorage Digital joins Coinbase and Gemini as existing sub-custodians for the Digital Asset Funds.
The big picture
Purpose Investments' expansion to a three-sub-custodian model underscores the growing emphasis on risk diversification and institutional-grade custody in the digital asset space. This strategic move aligns with broader industry trends towards enhanced security and regulatory compliance, particularly as digital asset ETFs gain traction among institutional investors. With approximately C$2.4 billion in assets under management across its digital asset ETFs, Purpose's initiative could set a new benchmark for custody standards in Canada.
What we're watching
- Custody Innovation
- How Purpose's three-sub-custodian model will influence industry standards for digital asset custody.
- Staking Economics
- Whether Purpose's in-house staking infrastructure can sustain competitive advantages over third-party providers.
- Regulatory Compliance
- The pace at which regulatory frameworks adapt to multi-custodian models in digital asset management.
Related topics