RBC Investor & Treasury Services Appointed Custodian For First Block Capital’s ETFs

RBC Investor & Treasury Services (RBC I&TS), part of Royal Bank of Canada (RY on TSX and NYSE), today announced it has been appointed custodian by First Block Capital Inc. (“First Block”), on its new actively managed FBC Distributed Ledger Technology Adopters ETF, which launched on October 11, 2018. RBC I&TS will also provide fund valuation, ETF administration and tax reporting services.

This is the fourth new ETF mandate for RBC I&TS this year and reflects our focus on delivering strong client service while providing best-in-class products and experiences. Our continued investment in technology ensures RBC I&TS can enhance the value of client data, creating insight-based solutions for clients in Canada and around the world.

"As newcomers to ETFs, it was essential for First Block Capital to partner with a team whose collaborative, professional culture and strong technology platform complemented our ETF ambitions,” said Bill Stormont, Chief Operating Officer, First Block Capital. “RBC IT&S’ client-centric approach was a key success factor for our launch and we look forward to working with them in the future as we grow our presence in this space." 

“Our new mandate with First Block demonstrates that RBC Investor & Treasury Services possesses the skills, technology and client service capabilities to benefit the ETF sector,” said David Linds, Head, Asset Servicing Canada, RBC Investor & Treasury Services. “We are pleased to assist First Block with its custody, fund valuation, ETF administration and tax reporting services and remain confident we can continue to respond to First Block’s, and the ETF market’s, evolving needs.”