Client Case Study: 
DMaple - Cryptocurrency & Financial Services

The Challenge

DMaple, a platform that uses blockchain technology to make it as easy as possible for a mainstream audience to transfer cryptocurrency, needed strategic support to scale its services to North America. DMaple was challenged by the need to obtain regulatory licensing while also forming partnerships to facilitate growth. DMaple wanted to offer a seamless user experience with cryptocurrency, but it needed retained expert knowledge to have a strategic understanding of the Canadian and U.S. financial regulatory landscape.

Our Plan

CBGA partnered with DMaple in its strategic direction to secure financial licenses while also forming key partnerships. A priority was supporting the DMaple to acquire its MSB license as it provides the legal ability to operate in Canada with cryptocurrency. CBGA's strategy gave DMaple the right knowledge to support regulatory engagement and satisfy FINTRAC regulations.

Parallel to this, CBGA facilitated the development of strategic partnerships and collaborations to enable DMaple to integrate with financial institutions and payment service providers. CBGA connected DMaple with partners in its network to help support a positive cryptocurrency transaction to provide the ability to go to market with a more robust customer base while enhancing the security and efficiency of the transaction.

The Solution

Our team supported DMaple in three key areas: 

- Regulatory Compliance: We supported the firm in obtaining the MSB license and helped the firm navigate the overall requirements to operate legally in Canada. This included assembling the supporting documentation, advising on regulatory issues, and ensuring compliance with anti-money laundering (AML) compliance.

- Partnerships: As a key enabler of DMaple's partnerships with other financial institutions and technology providers, CBGA worked with DMaple to build partnerships which allowed the company to strengthen the service offering for its users, including making sure transactions were quicker and more reliable. 

- Growth Strategy: In addition to regulatory and partnerships, we worked with DMaple to develop a growth strategy in line with their long-term vision as a leader in the cryptocurrency transfer space.