Today, Zodia Custody announced that it conducted trials with DMG Blockchain’s Blockseer Petra solution, making it possible to route cryptocurrency transactions to compliant green mining pools. Additionally, there’s a plan to add risk ratings to crypto transaction counterparties.
UK-based Zodia Custody was founded by Standard Chartered in association with Northern Trust.
One of the biggest institutional challenges with cryptocurrency is the ability to know with whom they’re transacting. While there may be KYC at most cryptocurrency exchanges, the crypto-asset can pass through many parties afterward. Blockseer Petra doesn’t yet solve this one but has plans to.
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