Digital asset services firm Bittreo plans to move its operations to Bermuda, according to David Burt’s Twitter account.

The company was founded in 2017 in Canada and was originally known as Vancouver Bitcoin, a retail cryptocurrency brokerage.

Bittreo IP Ltd was incorporated in Bermuda on November 30 last year, the Registrar of Companies website shows.

Mr Burt’s Twitter feed yesterday stated: “Yesterday I welcomed Malcolm Weed and Yum Kasukawa, co-founders of Bittreo, to the Cabinet Office to hear their plans to move their operations to Bermuda.”

Bittreo says on its website that it “provides financial services and products for digital assets”.

Mr Weed retweeted Mr Burt’s message, adding: “Thank you to Bermuda and to Premier David Burt for being great hosts.

“We had a great meeting around the current fintech legislation on the island and how Bittreo’s road map can fit into it as 2019 unfolds. We look forward to a close working relationship.”

• More information on Bittreo is available on the firm’s website, http://bittreo.com