Zodia Custody has integrated with Metaco’s sub custody network. It enables institutions connected to Metaco to access Zodia Custody’s digital asset custody solutions. And Zodia Custody’s Interchange clients can access Metaco’s solutions. Zodia Custody was founded by Standard Chartered with Northern Trust as a minority investor.
However, SBI Holdings recently became a significant shareholder during Zodia Custody’s latest funding round.
In traditional finance (TradFi) sub custody is generally used for international investments. Say a UK client appoints a custodian, if that custodian doesn’t have a physical presence in the United States, the custodian will usually work with a sub custodian in the U.S.
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