Legacy Trust Company
Offering fiduciary and trustee services to custody all kinds of assets, including digital assets.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $3.0m | Early VC | |
| Total Funding | 000k | ||
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Established in Hong Kong in 1992, Legacy Trust Company Limited operates as a licensed public trust company, offering a comprehensive suite of financial services. The company was founded by Vincent Chok, who currently serves as the Group CEO. His background includes experience in the Canadian Exempt Securities market, managing mortgage financing for commercial real estate and raising capital for private investment syndications.
Initially founded as a traditional pension and family trustee, Legacy Trust has adapted to market changes, notably expanding its services to meet the demands of the digital asset space that arose from the initial coin offering (ICO) boom. This strategic pivot has positioned the firm to serve a diverse client base that includes institutions, corporations, high net-worth individuals, exchanges, OTC desks, investment firms, and hedge funds. The company generates revenue by providing trustee, custody, escrow, asset servicing, and administration solutions for both traditional and digital assets.
In response to the growing digital asset market, Legacy Trust launched Ledger Vault in March 2019, an institutional-grade custody solution for digital assets developed in partnership with Ledger, a leader in security solutions for cryptocurrencies. This service enables the secure storage of major digital assets like Bitcoin and ERC-20 tokens. To further specialize its offerings, in September 2019, Legacy Trust spun off its digital asset custody services into a new, independent entity named First Digital Trust. This restructuring allows Legacy Trust to concentrate on its core traditional trust and pension services while First Digital Trust focuses on the evolving digital asset custody landscape. Legacy Trust continues to cater to clients globally, providing financial protection and asset servicing products.
Keywords: Legacy Trust Company, Vincent Chok, Hong Kong trust company, financial services, asset custody, digital asset custody, trustee services, wealth management, pension trustee, family office, First Digital Trust, Ledger Vault, corporate services, fund administration, escrow services, high net-worth individuals, institutional investors, asset servicing, private equity, investment management