Surus, an institutional-grade asset management and custody platform for on-chain finance, announced that it received regulatory approval from the North Carolina Commissioner of Banks to open Surus Trust Company, a wholly owned subsidiary.
Surus’s goal is to accelerate and improve the on-chain financial ecosystem. Powered by Surus Trust Company, the Surus platform equips builders with the tools to create, sell, and manage tokenized assets within a time-tested and regulated legal structure. The platform’s offerings include fiduciary asset management services, custody for traditional and crypto-native assets, brokerage and payment system connectivity, compliance tools, and multichain tokenization capabilities.
In Q1 2025, Surus is partnering with companies to service three lines of business:
1.) Reserve Management for Tokenized Assets and Stablecoins – Supporting creators of tokenized financial products and stablecoins with customizable asset reserve management and settlement services.
2.) Digital Asset Trusts — These trusts enable off-chain investors to securely and transparently access on-chain investment opportunities, such as owning curated digital asset portfolios or participating in DeFi ecosystems.
3.) End-to-End Tokenization and Custom Fiduciary Services – Working with startups and traditional firms alike to go from 0 to 1 with tokenized financial products powered by Surus’s platform.
Surus completed an $8 million series seed, bringing its total funding raised to over $10 million. The latest funding round was led by Castle Island Ventures and participated in by Propel Ventures, Restive Ventures, Protagonist, Protocol VC, and Plural VC.
KEY QUOTES:
“As finance moves onchain, the market needs digitally native infrastructure that is flexible enough to support tokenized assets of all kinds within compliant, bankruptcy-remote legal structures. We’re eager to partner
with the builders making the onchain future of finance a reality.”
“North Carolina has been a terrific partner in creating this de novo digitally-native financial institution and we look forward to continuing our work with the North Carolina Commissioner of Banks and staff.”
– Patrick Murck, founder and CEO of Surus
“The tokenization of dollars and other assets is the unambiguous killer app of blockchains so far. There is a distinct lack of credible regulated intermediaries in the sector, and Surus is poised to change that. I am thrilled to be backing Surus and joining the board.”
– Nic Carter, GP of Castle Island Ventures
