Zodia Custody launched in Singapore on Tuesday to tap into the country's rapidly growing digital asset market.
aims to expand throughout the Asia-Pacific region where it sees a rising demand from institutions for bank-grade custody of digital assets. The digital asset custodian added that the move would also allow it to respond more effectively to existing client demand for its services in the region.was incorporated in the UK in 2020. The London-headquartered business is a subsidiary of Standard Chartered.
Sawyer emphasized the benefits of the firm's relationship with Standard Chartered when dealing with interested financial institutions. "Being part of Standard Chartered comes up in every single conversation. We adopt their risk their compliance frameworks, information security, resilience, and people managing," he told CNBC.
Zodia Custody works with clients ranging from hedge funds and high-frequency traders to prime brokers, exchanges and asset managers. The firm is registered with the Financial Conduct Authority to operate in the UK, and the company also holds registrations by the Central Bank of Ireland and Luxembourg's Commission de Surveillance du Secteur Financier. It has an application pending with regulatory authorities in Japan.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Standard Chartered-Backed Zodia Custody Now Available in SingaporeThe development marks a rare marriage in the region of a traditional financial institution and a digital asset firm.
Weiterlesen »
Standard Chartered-owned crypto firm Zodia launches in SingaporeZodia Custody, a subsidiary of Standard Chartered, has expanded its presence in Singapore for the first time, the company told CNBC exclusively.
Weiterlesen »
GlobalFoundries opens $4 billion Singapore expansion fab to meet 'demand for essential semiconductor chips'GlobalFoundries announced Tuesday the opening of its $4 billion expansion fabrication plant in Singapore.
Weiterlesen »
Man shot in vehicle while sitting at stoplight in northwest Dallas; no suspect in custodyA victim died after shot while stopped a traffic light in northwest Dallas, police said.
Weiterlesen »