Standard Chartered and Northern Trust Backed Zodia Custody Registered with FCA

SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered Bank, and Northern Trust, a leading provider of asset servicing, today announced that Zodia Custody has registered with the Financial Conduct Authority (FCA).

According to the official press release, with the new registration, Zodia Custody will be able to provide commercial services to clients as a cryptoasset business.

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Zodia Custody, an institutional grade cryptoasset custody solution based in London, offers services to clients across the globe. Zodia Custody enables institutions to invest safely and securely in cryptoassets. Zodia Custody, developed by SC Ventures and Northern Trust, satisfies institutional investors’ need for a cryptoasset custodian that understands traditional custody and meets investors’ high standards and expectations, whilst maintaining the flexibility required to adapt to the ever-changing cryptoasset market.

Zodia Custody is one of nine cryptoasset businesses granted FCA registration under the UK’s Money Laundering Regulations and has commenced commercial operations following a period of testing.

Currently, Zodia Custody is providing custody services for the two most traded cryptoassets, Bitcoin and Ethereum, with plans to expand to more cryptoassets based on client demand.