Zodia Custody, a prominent digital asset custody provider, has secured additional capital to accelerate its growth and further enhance its product lineup. The company, which already offers secure custody services across 15 jurisdictions, plans to use this new funding to strengthen its position in the rapidly expanding digital asset space.
CEO Julian Sawyer emphasized that the additional capital will enable Zodia Custody to scale its operations, enhance its product offerings, and meet the increasing demand from institutional investors looking for secure and compliant solutions for digital asset storage.
Currently, Zodia operates in key global markets, including London, Dublin, Luxembourg, Sydney, Singapore, Hong Kong, and Tokyo. The company is known for offering high-security custody services for over 50 digital assets, including leading cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA).
As the digital asset market matures, Zodia's role has become increasingly critical, with more institutional investors seeking reliable and secure methods for safeguarding their digital assets. By securing additional funding, Zodia aims to expand its offerings, bolster its compliance and risk management capabilities, and support the growing appetite for institutional-grade crypto services.
Zodia Custody has attracted significant backing from major financial institutions, including Standard Chartered, which is one of its primary investors. Additionally, National Australia Bank (NAB) and Northern Trust Corp. have also invested in the firm, reinforcing its credibility and financial stability. Last year, the company raised $36 million from Japan’s SBI Group, helping to fuel its international expansion.
The new round of funding is expected to help Zodia broaden its investor base, attracting more capital from a diverse set of investors beyond just traditional financial firms. This move highlights the growing interest in secure custody solutions and the increasing demand for institutional-grade digital asset infrastructure.
In a significant development in late 2023, Zodia Custody announced a strategic integration with Metaco, a digital asset infrastructure provider owned by Ripple Labs. This collaboration allows institutional investors to leverage Zodia’s secure custody services via Metaco’s platform, enabling seamless access to a suite of digital asset solutions.
The integration offers a fully compliant, end-to-end solution for institutions seeking a secure and efficient way to store and manage digital assets. Metaco’s platform provides the flexibility and scalability required by institutions, while Zodia’s custody services ensure that assets are stored with the highest levels of security.
The partnership with Metaco is an important step in enhancing Zodia Custody’s value proposition for institutional investors. As regulatory frameworks evolve and digital asset adoption continues to grow, more financial institutions are seeking trusted partners to help them navigate the complexities of crypto custody. Zodia’s collaboration with Metaco puts it in a strong position to meet this demand and solidify its standing as a leading player in the institutional digital asset custody space.
With the digital asset market showing no signs of slowing down, Zodia Custody is well-positioned to capitalize on the growing need for secure, regulated custody services. The additional capital, along with its expanding global presence and strategic partnerships, positions the firm for continued growth and success.
As more traditional financial institutions and investment firms embrace digital assets, the need for compliant, secure custody solutions will only intensify. Zodia’s ongoing efforts to innovate and expand its offerings will likely play a significant role in shaping the future of institutional digital asset services.
Zodia Custody’s new round of funding marks an exciting chapter in the firm’s journey to become a leading provider of institutional-grade digital asset custody solutions. With backing from major financial institutions like Standard Chartered, National Australia Bank, and Northern Trust, alongside a strategic partnership with Metaco, Zodia is positioning itself as a key player in the evolving digital asset space. By continuing to innovate and expand its offerings, Zodia is set to meet the growing demand for secure, compliant, and scalable custody solutions for institutional investors worldwide.
November 2024, Cryptoniteuae