Zodia, under the ownership of Standard Chartered Bank, announced its partnership with Metaco, a Ripple-associated tech firm. The collaboration targets to offer sub-custody services on a global scale. This coalition expects to enhance the services of Zodia Custody, attracting a wider audience worldwide. The association enables the company to provide clients with secure, expedient sub-custody services.
Zodia Custody provides professional-standard safekeeping for virtual currencies, including Bitcoin, Ethereum, XRP, Litecoin, and Bitcoin Cash. This firm started its operations in December of the year 2020.
By June of 2021, they had gotten the green light from the UK’s Financial Conduct Authority. The foundational belief of Zodia Custody is to unite the conventional finance arena with the virtual asset domain. It is to foster growth and fresh ideas in the cryptocurrency market.
Metaco provides a platform catering to cryptocurrency management. It links to a multitude of blockchains, exchanges, and custodians. Ripple, among other investors, funded Metaco after its foundation in 2015. Over 20 banks and financial groups, such as BBVA, Standard Chartered Bank, and Deutsche Börse, operate crypto services using Metaco’s network.
Enhancing Zodia Custody’s Services With Metaco Collaboration
Partnering with Metaco, Zodia Custody can use Metaco’s skills and high-tech systems, improving their operational outputs in the crypto sector. Zodia Custody will also tap into Metaco’s network of partners and customers. In addition, this alliance aids in adhering to the set regulations and managing demands from different locations.
Thus, the partnership between Zodia Custody and Metaco shows the growing interest and necessity for crypto custody services amongst large-scale investors. This group hopes to leverage the numerous opportunities and benefits in the digital asset area. Zodia’s Chief Commercial Officer, James Harris, stated that.
“We are focused on expanding the options available to our clients via our financial network, thus ensuring Zodia Custody can become a truly comprehensive digital asset solutions provider. We want to ensure that any institutional investor can seamlessly trade, without compromise — this is another significant step on that journey.”
Moreover, this collaboration reflects the innovation and teamwork within the crypto sector, as diverse actors collaborate to develop solutions up to the high standards and experiences of both the regulators and the market, according to the CEO of Metaco.
“We are committed to providing interoperable, open infrastructure that enables institutions to create innovative, value-added services, thereby establishing the benchmark for the future of digital asset ecosystems.”
Read Mor | Zodia Crypto Services Now Available In Hong Kong
“The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.“
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