Capital markets News

StanChart’s Zodia Custody integrates with Fireblocks

digital asset custody network

Yesterday Zodia Custody announced it has integrated with the Fireblocks network. Zodia was founded by Standard Chartered with Northern Trust as a minority investor. Earlier this year Japan’s SBI took a significant stake in the digital asset custody firm.

With the collapse of FTX, institutions increasingly prefer to keep control of their assets rather than handing them over to trading venues. Hence, Zodia Interchange provides an institutional wallet that enables trading while keeping control over assets until the point of settlement. 

By integrating with Fireblocks, Zodia enables its clients to control their assets while trading with any of the 1,800 counterparties on the Fireblocks network.

“Connectivity is key in digital assets,” said James Harris, Chief Commercial Officer, Zodia Custody. “That’s why being the most connected digital asset custodian is our top priority. In working with Fireblocks, we’re making digital assets more accessible and streamlined for institutions in need of a simplified solution to trade digital assets — without compromising security. Advancing and strengthening networks such as these are key for the future of this market.” 

On Monday Zodia announced an integration with the sub-custodian network of Metaco.

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