# UTGL > Living without banking UTGL is a Hong Kong trust company offering private trust administration, offshore accounts, and asset-linked credit cards for professional investors and financial institutions. UTGL is a Hong Kong trust company that provides private trust administration for high-net-worth individuals and institutions, enabling them to hold, convert, and administer fiat currencies, precious metals, and other liquid assets within a trust structure. Its services include offshore accounts, cross-border invoice payments, and credit cards linked directly to assets held in trust. The company positions itself as an alternative to traditional banking relationships for wealth structuring and asset preservation. The offering is built around a digital onboarding process and continuous account administration, allowing clients to manage trust instructions and access statements without visiting a branch. UTGL holds multiple regulatory registrations in the jurisdictions where it operates, though its services are limited to professional investors and financial institutions rather than the general public. Core offerings include trust account setup, wealth structuring and asset conversion services, and the Asset Link Credit Card, which draws on trust-held fiat currencies, precious metals, and other liquid assets. The company also provides advisory support on multi-jurisdictional tax and legal matters. It serves family offices, high-net-worth individuals, and institutional clients seeking privacy-oriented alternatives to conventional banking. - Type: Company - Sector: Finance - Status: Active - Founded: 2021-04-01 - Profile: https://thegrid.id/profiles/utgl ## Products - [UTGL Trust Platform](https://thegrid.id/profiles/utgl): UTGL Trust Platform is a private trust platform that consolidates client assets, including fiat currencies, securities, precious metals, and digital assets, within a fiduciary structure. Users hold multi-currency accounts across Hong Kong, Singapore, and the United States, access global stock, bond, and fund markets, pay cross-border invoices, and convert assets between currencies and asset classes. The platform also issues an asset-linked credit card collateralized by trust-held assets, allowing users to spend directly against their holdings. UTGL acts as licensed trustee holding legal title on behalf of settlors, administering the trust structure on their behalf. (Financial Services Platform, Live, Main Product) - [UTGL Trust White Label](https://thegrid.id/profiles/utgl): UTGL Trust White Label is a business-to-business service enabling financial institutions and family enterprises to establish their own trust companies in Hong Kong using UTGL's regulatory licenses, technology infrastructure, and banking network. Clients receive trust company formation support, access to pre-established bank accounts, compliance and regulatory administration, and application programming interface access to the underlying trust platform. The service also allows clients to co-issue branded credit cards linked to trust-held assets, using UTGL's card-issuing license. It targets large financial groups extending trust services to their own clients and high-net-worth family businesses seeking independent governance over treasury assets. (Custody Technology Provider, Live) ## Links - [Main](https://www.utgl.net) - [Blog](https://www.utgl.net/resources/blog) - [Documentation](https://help.utgl.io/en) - [Terms of Service](https://www.utgl.net/terms-and-conditions) - [Privacy policy](https://www.utgl.net/privacy-policy) - [Twitter / X](https://x.com/utgl_official) - [LinkedIn](https://www.linkedin.com/company/utgl) - [YouTube](https://www.youtube.com/@utgl_official) - [Facebook](https://www.facebook.com/utglofficial) - [Instagram](https://www.instagram.com/utgl_official) - [Medium](https://utgl.medium.com) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. 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