--- title: "Foris Dax Inc. · Foreign MSB (FMSB) (FINTRAC) · Canada | Elucidate" description: "Foris Dax Inc. is registered with FINTRAC for anti-money-laundering supervision as a foreign msb (fmsb) in Canada. Licence M21385577. LEI 984500067C5147A95C80. Register status, licences, activities and ownership." url: https://elucidate.co/directory/foris-dax-inc-664b69352d17 --- 1. [Directory](https://elucidate.co/directory) 2. [Canada](https://elucidate.co/directory/country/ca) 3. Foris Dax Inc. Canada · Crypto # Foris Dax Inc. Trading as CRYPTO.COM Legal name in the LEI record FORIS DAX, INC. Foris DAX, Inc. is a US corporation that provides Crypto.com services to US customers. Its registered address is in Wilmington, Delaware, and its head office is in Tyler, Texas. State regulators license it as a money transmitter in 44 states, the District of Columbia and Puerto Rico under NMLS ID 1966158, and FinCEN registers it as a money services business. It belongs to the Crypto.com group and offers crypto-asset trading, USD stored-value accounts and cards issued by the partner banks Community Federal Savings Bank and Comenity Capital Bank. Register status Registered for AML supervision in Canada Foreign MSB (FMSB) · FINTRAC AML registration only [2 licences and registrations ↓](https://elucidate.co/directory/foris-dax-inc-664b69352d17#licences) BIC **No BIC** LEI **[984500067C5147A95C80](https://search.gleif.org/#/record/984500067C5147A95C80)** [Licence no. **M21385577**](https://elucidate.co/directory/foris-dax-inc-664b69352d17#licences) ## Licences and registrations Held by Foris Dax Inc. (LEI 984500067C5147A95C80). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [Money Services Business Registry](https://elucidate.co/directory/register/fintrac-msb) FINTRAC | Foreign MSB (FMSB)Crypto-Asset Service Provider | M21385577 | [Canada](https://elucidate.co/directory/country/ca) | Active | 2021-02-18 | Renews 2026-12-18 | - Crypto-assets | [Search the register ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) | | [MSB Registrant Search](https://elucidate.co/directory/register/fincen-msb) FinCEN | —Money Transmitter / Remittance | Not published by the register | [United States](https://elucidate.co/directory/country/us) | Active | 2026-04-30 | — | - Money remittance - Prepaid access | [Search the register ↗](https://www.fincen.gov/msb-registrant-search) | Trading names on the register: CRYPTO.COM (FINTRAC-MSB, FINCEN-MSB) - Each licence applies in the country of the regulator that granted it. - Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/foris-dax-inc-664b69352d17#overview-sources) Customers 150,000,000 users · Group · 29 Sep 2026 · [company statement ↗](https://crypto.com/us/banking) Employees Not published Ownership Group subsidiary Foris Holdings US, Inc. Firm type Crypto exchange or broker Trades as Crypto.com - **Standing:** The firm previously ran the Crypto.com platform in Canada. According to an Ontario Securities Commission decision, those operations were to transfer to its affiliate Foris DAX CAN ULC on or before 8 May 2025. - **Ownership:** The firm is part of the Crypto.com group of Foris companies, and Canadian lobbying-registry data names Foris Holdings US, Inc. as its parent. - **Direct parent:** Foris Holdings US, Inc., United States - **Head office:** 110 N College Ave, Suite 500, 75702 Tyler, United States (registered office: 251 Little Falls Drive, Wilmington, DE 19808, United States) - **Founder:** Kris Marszalek ### Online - **Websites & references:** [crypto.com ↗](https://crypto.com/us) [status.crypto.com ↗](https://status.crypto.com/) status page [Wikipedia ↗](https://en.wikipedia.org/wiki/Crypto.com) group article - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/cryptocom) · [X ↗](https://x.com/cryptocom) · [Facebook ↗](https://www.facebook.com/CryptoComOfficial) · [Instagram ↗](https://www.instagram.com/cryptocomofficial/) · [Reddit ↗](https://www.reddit.com/r/Crypto_com/) · [Discord ↗](https://discord.gg/cryptocom) Sources · 16 pages consulted 1. [crypto.com/document/legal\_us.pdf](https://crypto.com/document/legal_us.pdf) 2. [crypto.com/us/licenses](https://crypto.com/us/licenses) 3. [crypto.com/us/personal](https://crypto.com/us/personal) 4. [crypto.com/us/banking](https://crypto.com/us/banking) 5. [crypto.com/us/cards](https://crypto.com/us/cards) 6. [crypto.com/us/cards/prepaidcard](https://crypto.com/us/cards/prepaidcard) 7. [crypto.com/document/van](https://crypto.com/document/van) 8. [osc.ca/en/securities-law/orders-rulings-decisions/foris-dax-can-ulc-foris-dax-limited-and-foris-](https://www.osc.ca/en/securities-law/orders-rulings-decisions/foris-dax-can-ulc-foris-dax-limited-and-foris-holdings-us-inc) 9. [crypto.com/us/company-news/cryptocom-obtains-restricted-dealer-registration-in-canada](https://crypto.com/us/company-news/cryptocom-obtains-restricted-dealer-registration-in-canada) 10. [crypto.com/us/company-news/cryptocom-announces-400-million-strategic-investment-from-citadel-securit](https://crypto.com/us/company-news/cryptocom-announces-400-million-strategic-investment-from-citadel-securities) 11. [crypto.com/us/custody/](https://crypto.com/us/custody/) 12. [crypto.com/document/us\_equities.pdf](https://crypto.com/document/us_equities.pdf) 13. [coindesk.com/policy/2026/02/23/crypto-com-approved-for-u-s-federally-regulated-crypto-custodian-bank](https://www.coindesk.com/policy/2026/02/23/crypto-com-approved-for-u-s-federally-regulated-crypto-custodian-bank) 14. [tradingview.com/news/cointelegraph:6e2480578094b:0-crypto-com-probe-by-the-sec-has-officially-closed-says](https://www.tradingview.com/news/cointelegraph:6e2480578094b:0-crypto-com-probe-by-the-sec-has-officially-closed-says-ceo/) 15. [dig.watch/updates/sec-ends-crypto-com-investigation-without-enforcement-action](https://dig.watch/updates/sec-ends-crypto-com-investigation-without-enforcement-action) 16. [en.wikipedia.org/wiki/Crypto.com](https://en.wikipedia.org/wiki/Crypto.com) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/foris-dax-inc-664b69352d17#overview-sources) - **Operates under:** Several models - **Licensed firm it operates under:** Community Federal Savings Bank, United States Issuer of the Crypto.com Prepaid Visa Card and depository institution for USD Account funds US state regulators license the firm as a money transmitter (NMLS ID 1966158), and FinCEN registers it as a money services business. Partner banks issue its cards and provide its Cash Earn bank accounts: Community Federal Savings Bank, Comenity Capital Bank and Green Dot Bank. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | US state regulators (NMLS) United States | Money transmitter licences in 44 states, the District of Columbia and Puerto Rico | 1966158 | In its own name | Active | [crypto.com ↗](https://crypto.com/document/legal_us.pdf) | | Financial Crimes Enforcement Network (FinCEN) United States | Money Services Business registration | 31000317594803 | In its own name | Active | [crypto.com ↗](https://crypto.com/document/legal_us.pdf) | | Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada | Foreign money services business registration (crypto-asset service provider) | M21385577 | In its own name | Active | — | | National Futures Association United States | National Futures Association membership | 0567284 | In its own name | Active | [crypto.com ↗](https://crypto.com/document/legal_us.pdf) | Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks. ## Partners and safeguarding Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/foris-dax-inc-664b69352d17#overview-sources) - **Safeguarding:** Deposits at a partner bankThe wallet terms say USD Account funds sit in an omnibus custody account in the firm's name at Community Federal Savings Bank or a network bank, or in permissible investments. [crypto.com ↗](https://crypto.com/document/van) - **Crypto-asset custody:** Not disclosedThe firm offers crypto-asset buying, selling and holding through the Crypto.com App. The sources reviewed do not state who holds US retail customers' crypto-assets. [Proof of reserves ↗](https://crypto.com/us/proof-of-reserves) - **Card issuer · Deposit-holding bank:** Community Federal Savings Bank United States [crypto.com ↗](https://crypto.com/us/cards/prepaidcard) - **Card issuer:** Comenity Capital Bank United States [crypto.com ↗](https://crypto.com/us/cards) - **Deposit-holding bank:** Green Dot Bank United States [crypto.com ↗](https://crypto.com/us/banking) - **Payment schemes and card networks:** Visa Through a partner [crypto.com ↗](https://crypto.com/us/cards/prepaidcard) Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/foris-dax-inc-664b69352d17#overview-sources) - Crypto trading - Crypto on- and off-ramp - E-money wallet - Prepaid cards Through the Crypto.com App it offers US customers crypto-asset trading and a USD stored-value account. Partner banks provide a prepaid Visa card, a Visa Signature credit card and a Cash Earn account. It serves customers in the United States under money transmitter licences in 44 states, the District of Columbia and Puerto Rico. Its Canadian platform passed to an affiliate by May 2025. - **Sells to:** Consumers · Enterprises - **Serves customers in 2 countries:** United States · Puerto Rico - **Latest funding round:** Strategic investment · USD 400m Jul 2026 Led by Citadel Securities [crypto.com ↗](https://crypto.com/us/company-news/cryptocom-announces-400-million-strategic-investment-from-citadel-securities) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/foris-dax-inc-664b69352d17#overview-sources) - **Chief executive:** Kris Marszalek Co-Founder and CEO of Crypto.com (group) Confirmed 16 Jul 2026 · [crypto.com ↗](https://crypto.com/us/company-news/cryptocom-announces-400-million-strategic-investment-from-citadel-securities) - **Executive:** Eric Anziani President and COO of Crypto.com Group Confirmed 13 Oct 2025 · [crypto.com ↗](https://crypto.com/us/company-news/foris-dax-middle-east-becomes-the-first-virtual-asset-service-provider-to-receive-in-principle-approval-from-the-central-bank-of-the-uae-for-a-stored-value-facilities-license) ## Recent events 2 enforcement or investigation items Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/foris-dax-inc-664b69352d17#overview-sources) 1. Jul 2026 Funding Crypto.com announced a USD 400 million strategic investment from Citadel Securities that valued the group at USD 20 billion. [crypto.com ↗](https://crypto.com/us/company-news/cryptocom-announces-400-million-strategic-investment-from-citadel-securities) 2. Feb 2026 Licence The OCC conditionally approved the group's affiliate Foris DAX National Trust Bank, which plans to offer digital-asset custody and staking. [coindesk.com ↗](https://www.coindesk.com/policy/2026/02/23/crypto-com-approved-for-u-s-federally-regulated-crypto-custodian-bank) 3. May 2025 Other The firm's Canadian platform was to transfer to its affiliate Foris DAX CAN ULC on or before 8 May 2025. [osc.ca ↗](https://www.osc.ca/en/securities-law/orders-rulings-decisions/foris-dax-can-ulc-foris-dax-limited-and-foris-holdings-us-inc) 4. Mar 2025 Investigation The SEC closed its investigation into Crypto.com without enforcement action, according to the group's CEO and chief legal officer. [tradingview.com ↗](https://www.tradingview.com/news/cointelegraph:6e2480578094b:0-crypto-com-probe-by-the-sec-has-officially-closed-says-ceo/) 5. Oct 2024 Other Foris DAX sued the SEC in the Eastern District of Texas over the agency's authority regarding digital assets. The case was dismissed in December 2024. [dig.watch ↗](https://dig.watch/updates/sec-ends-crypto-com-investigation-without-enforcement-action) 6. Aug 2024 Investigation The SEC issued a Wells notice to Crypto.com, signalling possible enforcement action. [tradingview.com ↗](https://www.tradingview.com/news/cointelegraph:6e2480578094b:0-crypto-com-probe-by-the-sec-has-officially-closed-says-ceo/) Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source. ## Identifiers - **Licence no. · FINTRAC-MSB:** M21385577 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [984500067C5147A95C80 ↗](https://search.gleif.org/#/record/984500067C5147A95C80) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address - **Elucidate firm ID:** 664b69352d17 - **Merged register entry:** af42d265bfb8 · FINCEN-MSB ## Profile - **Type:** Crypto · Money service business - **Regulation:** AML registration only - **Main licence class:** Crypto-Asset Service Provider - **Activities:** - Crypto-assets - **Licensed in:** [Canada](https://elucidate.co/directory/country/ca) · North America - **Head office:** [United States](https://elucidate.co/directory/country/us#hq-firms) - **First registered:** 2021-02-18 - **Website:** [www.crypto.com ↗](https://www.crypto.com/) Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet. ## Ownership and group GLEIF relationship records GLEIF’s relationship records name no parent for this LEI, and no group page is published for it. ## Addresses - **Address on the register:** 110, N. COLLEGE AVE, SUITE 500, TYLER, 77502 - **Country:** United States ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in one address line ```xml 984500067C5147A95C80 FORIS DAX INC. 77502 TYLER US 110, N. COLLEGE AVE, SUITE 500 ``` CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. Check them against your own records before use. ## Related institutions ### Other crypto institutions in Canada - [Bitpay Inc. No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · M23611454 (FINTRAC-MSB) · also on FINCEN-MSB · LEI 254900IYKQ2CK7J70T91](https://elucidate.co/directory/bitpay-inc-7a693cb6c5fc) - [Coinbase, Inc. · trading as COINBASE No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · C10001547 (FINTRAC-MSB) · also on FINCEN-MSB · LEI 549300QHD76EP6ZKTT48](https://elucidate.co/directory/coinbase-inc-ef8fcf0ac213) - [13148483 Canada Inc · trading as GLOBALFOREX FINANCE No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · N300000191 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/13148483-canada-inc-3639f0591604) - [13966119 Canada Inc. · trading as DIGITAL DEPOT INC. No BIC Crypto AML registration only Canada · Registered with FINTRAC · N300000845 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/13966119-canada-inc-251638cec1ea) - [4542554 Nova Scotia Limited · trading as GV WIRES No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · N300000859 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/4542554-nova-scotia-limited-4e5fbd2662b6) - [4e International LTD. No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · M24096664 (FINTRAC-MSB) · also on FINCEN-MSB · LEI 9845009EBA139Q7D7B45](https://elucidate.co/directory/4e-international-ltd-650403f22fcf) - [9456-1891 Québec Inc. · trading as COINMARKET GUICHETS AUTOMATIQUES, COINMARKET ATM No BIC Crypto AML registration only Canada · Registered with FINTRAC · N300000295 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/9456-1891-quebec-inc-adcdcf09d8e2) - [9460-4402 Quebec Inc No BIC Crypto Money service business AML registration only Canada · Registered with FINTRAC · C100001001 (FINTRAC-MSB) · No LEI mapped](https://elucidate.co/directory/9460-4402-quebec-inc-acde26f02de4) [See all →](https://elucidate.co/directory/search?type=crypto&cc=CA) [Other entries on FINTRAC-MSB →](https://elucidate.co/directory/register/fintrac-msb) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. [Read the methodology →](https://elucidate.co/directory/methodology) Registers for this page - **Money Services Business Registry**—Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · [source ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) as at 25 September 2026 - **MSB Registrant Search**—Financial Crimes Enforcement Network (FinCEN) · [source ↗](https://www.fincen.gov/msb-registrant-search) as at 24 September 2026 - **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.