Skip to main content

Urbana Corporation Congratulates Tetra Trust Company on Being Selected by Wealthsimple to Provide Digital Asset Custody Services

Written by Customer Service on . Posted in Public Companies.

/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

TORONTO, May 23, 2025 (GLOBE NEWSWIRE) — Urbana Corporation (“Urbana” or the “Corporation”) (TSX and CSE: URB, URB.A) congratulates Tetra Trust Company (“Tetra”) on being selected by Wealthsimple to provide digital asset custody services.

Under this partnership, Tetra will act as one of Wealthsimple’s custodians for digital assets, marking the first time Wealthsimple has added a Canadian custodian to its roster. Wealthsimple will utilize Tetra Unity, Tetra’s institutional-grade platform, to streamline digital asset custody, execution, settlement, compliance, and risk management.   This partnership is subject to approval by the Canadian Investment Regulatory Organization.

“Wealthsimple has consistently led innovation in Canadian financial services, and this partnership represents a significant milestone for both companies,” said Didier Lavallée, CEO of Tetra. “By combining Wealthsimple’s trusted consumer platform with our institutional-grade custody solutions, we’re creating a more secure and accessible digital asset ecosystem for Canadians.”

This strategic collaboration marks an exciting chapter in Canada’s digital asset landscape — secure, compliant and homegrown solutions built by Canadian companies, for Canadian investors.

Urbana currently owns 24,510,434 common shares, representing 55.6% of the Tetra common shares outstanding.

About Urbana

Urbana Corporation is a diversified corporation with a focus on financial services, information services and innovative technologies.   The long-term goal of Urbana is to seek and acquire investments for income and capital appreciation through a combination of public and private investments. The portfolio mix of actively managed publicly traded securities with private equity investments has generated significant long-term investment results.  For more information, visit www.urbanacorp.com.

About Tetra

Founded in 2019, Tetra is Canada’s first trust company licensed to custody digital assets. Backed by major players in the industry such as Urbana Corporation, the Canadian Securities Exchange, Icebook and Coinbase Ventures, Tetra delivers the most advanced digital asset storage technology, setting the standard for digital asset custody in the country. For more information, visit www.tetratrust.com.

For further information contact:

Elizabeth Naumovski
Investor Relations
(416) 595-9106  enaumovski@urbanacorp.com

Certain statements in this news release constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking statements.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.