Further progress in the crypto-currency custody space in Canada. Olympia Trust Company has entered into a letter of intent with Knox Capital Inc. and Knox Industries Inc. by which, subject to the satisfaction of certain conditions, Olympia Trust will be granted the exclusive Canadian licence to use a proprietary Bitcoin custody system developed by Knox. In addition, Olympia Trust will acquire certain facilities and insurance policies used by Knox in the operation of the custody system and the right to provide custody service to Knox’s existing Canadian clients.
