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Zodia will enable both transaction and settlement activities. In a statement, the two custodians said that Zodia combines the traditional custody principles and expertise of a bank with the agility of a F in T ech company to provide an infrastructure that meets the high standards and expectations of institutional investors through a platform that adapts to the changing needs of clients and the market.
By doing so, we enable operational efficiency and speed of transaction without compromising on security or reliability. The launch of Zodia brings to end a long-awaited solution from an incumbent custody provider, though few would have predicted that it would come through a collaboration between two such organisations.
Asset servicer Northern Trust and Standard Chartered have sought to capitalise on the growing demand for cryptocurrency services by jointly developing a digital custody service aimed at institutional investors. Northern Trust has partnered with SC Ventures, the innovation arm of Standard Chartered, to launch Zodia Custody which is expected to begin operations in London in subject to regulatory approval. While cryptocurrencies currently represent just 0.
One of the impediments to wider involvement has been the absence of fully regulated service providers, including custodians as well as trading exchanges. Meanwhile, Nomura, one of the first banks to reveal its digital custody plans back in , announced a partnership with digital asset investment house CoinShares and crypto security firm Ledger in June to launch Komainu, a crypto custody offering, regsitered in Jersey, that is also aimed at institutional investors.
Write a blog post about this story membership required. Coinbase buys Xapo custody business. Visa invests in crypto custodian Anchorage.
We've partnered with Northern Trust to launch Zodia, a cryptocurrency custodian for institutional investors | Standard Chartered |. Standard Chartered's crypto trading group comprises five of the biggest over-the-​counter (OTC) traders and four exchanges, and will include an.
SIX to build digital asset trading, settlement and custody service. Nomura bids to create institutional-grade custody offering for digital assets. News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board.
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