Performances
RD Popularity Index
RD Growth Index
Comparison
Fundraising
Follow Updates
Follow Lists
People
About Surus
Surus is a full-stack financial infrastructure company founded in 2023 that wholly owns Surus Trust Company, a North Carolina-chartered trust. Qualified custody, reserve management, token issuance and corporate trust sit in one entity: client assets are legally segregated and stay off the company's balance sheet in bankruptcy, wallets are MPC-managed, reserves can hold Treasuries, money market funds, HQLA, bonds and private securities, and KYC, AML and fund administration run in one workflow. Custody fees start at 15 basis points of assets under custody, with no minimum size and no lock-up.
It serves issuers and asset managers: reserves behind stablecoins and RWA tokens sit in the trust, and audit, redemption and reporting run off one set of books instead of separate custodians, administrators and compliance vendors. For teams bringing a product to the US market, the trust charter is itself part of the entry structure.
On 9 April 2026 Surus took on its most consequential mandate of the year: serving as US trustee, collateral agent and custodian for USDM1, a sovereign instrument issued by the Republic of the Marshall Islands. The instrument is collateralised one for one by short-dated US Treasuries and issued natively on-chain to support the country's ENRA universal basic income programme across more than 1,200 islands and roughly 750,000 square miles, governed by New York law with an explicit waiver of sovereign immunity.
Three roles usually spread across separate firms sit inside one company: trustee administering the trust and collateral segregation, collateral agent holding a perfected first-priority security interest, and custodian holding Treasuries, cash, digital assets and tokenised money market funds. Surus wholly owns Surus Trust Company, a North Carolina-chartered trust company, with custody from 15 basis points and no asset minimum. During the year the US securities regulator proposed letting state trust companies custody crypto for advisers and funds, raising the value of that charter.
Surus will productise sovereign and quasi-sovereign issuance, extend into stablecoin reserve management and fund administration, and export the trust structure to issuers in more jurisdictions.
Patrick Murck — Founder & CEO; co-founder of the Bitcoin Foundation, former President & CLO at Transparent Systems.
Bradley Gibson — CTO; former VP of Engineering at Transparent Systems.
Bethany Wheeler — Chief Trust Officer; former Chief Trust Officer at Paxos.
Jennifer Hoopes — Chief Legal Officer;
Rachel Trujillo — Chief Compliance Officer.
Surus prices its custody services by assets under management: the official calculator shows an effective rate of 9.47 bps and a monthly cost of $789 at $10M AUM, with fees scaling across AUM tiers.
In February 2025 Surus received approval from the North Carolina Commissioner of Banks to open Surus Trust Company, a North Carolina-chartered trust company providing fiduciary asset management, fund administration and bankruptcy-remote custody of crypto and traditional assets.