Today Zodia Custody announced the launch of its institutional digital asset custody services in Australia. Additionally it unveiled its new SAF3 brand which expands Zodia’s service beyond basic custody and will roll out in 2024. Zodia Custody was founded in 2020 as a UK Standard Chartered subsidiary with Northern Trust as a minority partner. In April Japan’s SBI became a significant investor after leading the startup’s $36 million Series A funding.
“Today, an estimated 26% of Australians hold digital assets, totalling the equivalent of $21.6 billion currently held via cryptocurrency exchanges and custodial solutions,” said Julian Sawyer, CEO, Zodia Custody. “Our technology and risk management infrastructure housed within the SAF3 platform was built from the ground-up for institutions by institutions, such as regulated banks.”
Zodia Custody Australia recently partnered with the National Australia Bank (NAB) for a nine week proof of concept. The first official Australian client is asset manager DigitalX, where the CEO is an ex-NAB executive.
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