Hong Kong News Hub: StanChart-Backed Zodia Custody Expands to Hong Kong

StanChart-Backed Zodia Custody Expands to Hong Kong

by Fintech News Hong Kong
October 31, 2023

Zodia Custody, a digital asset custodian backed by Standard Chartered, SBI Holdings, and Northern Trust, will expand its footprint to Hong Kong.

This is the company’s fourth major expansion in the Asia Pacific region this year, following launches in Japan, Singapore, and Australia.

Zodia Custody’s presence in Hong Kong will allow institutional investors to accelerate their adoption of digital assets via safeguarding and risk management services.

The company will also look to develop local partnerships to create more innovative, bespoke solutions for the Hong Kong and wider Asia-Pacific market.

Julian Sawyer

“Moving into the Hong Kong market has always been a fundamental part of our strategy. We are committed to not just being an active participant in the digital asset ecosystem across Asia-Pacific, but to help evolve it. We can’t do this if we are not firmly established in Hong Kong, a major global digital asset hub.

Through our bank-backed heritage, we have a unique understanding of the needs of institutional investors, and how to engage with the wider ecosystem to develop greater options and opportunities that work with, not against, compliance and governance. We are here to accelerate digital asset adoption.”

said Julian Sawyer, CEO, Zodia Custody.