Zodia Custody, a crypto custody provider supported by Standard Chartered, has joined forces with Deribit, a crypto exchange, to offer institutional clients access to market derivatives liquidity while keeping their assets in segregated cold wallets. This partnership allows Zodia Custody to enhance its Interchange network and provide a secure off-venue settlement solution for institutional and high-volume traders. The integration of Deribit into the Interchange network will enable clients to seamlessly trade while ensuring their assets remain secure.
The collaboration between Zodia Custody and Deribit follows a recent funding round where Zodia secured investment from NAB Ventures, the venture capital arm of National Australia Bank. This financial backing further strengthens Zodia’s position in the institutional digital asset custody sector and adds to its existing support from major financial institutions like Standard Chartered, Northern Trust, and SBI Holdings. With this new capital injection, Zodia Custody aims to expand its presence in Australia and onboard local digital asset exchanges in preparation for anticipated regulatory changes by 2025.
By joining forces with Deribit, Zodia Custody is poised to offer its institutional clients a unique market advantage. The Interchange network will enable seamless trading while safeguarding clients’ assets in segregated cold wallets, providing peace of mind for investors looking to navigate the crypto derivatives market. With support from NAB Ventures and other financial institutions, Zodia Custody is well-positioned to capitalize on the growing demand for secure digital asset custody solutions among institutional investors.
The partnership between Zodia Custody and Deribit signifies a significant step forward in the digital asset custody sector, as more institutional players seek secure and reliable solutions to access crypto derivatives liquidity. By leveraging Zodia’s Interchange network and Deribit’s expertise in the crypto options market, institutional clients can benefit from a seamless trading experience while maintaining the highest levels of security for their assets. This collaboration highlights the increasing importance of secure custody solutions in the crypto space and positions Zodia Custody as a key player in meeting the needs of institutional investors.
With the backing of major financial institutions and a strategic partnership with Deribit, Zodia Custody is well-equipped to meet the evolving needs of institutional clients in the rapidly growing digital asset market. The integration of Deribit into the Interchange network expands Zodia’s offering and provides clients with a secure and efficient way to access market derivatives liquidity. As the demand for institutional-grade digital asset custody solutions continues to rise, partnerships like the one between Zodia Custody and Deribit showcase the industry’s commitment to providing secure and reliable services for institutional investors.
In conclusion, the partnership between Zodia Custody and Deribit represents a significant advancement in the institutional digital asset custody sector. By combining the strengths of both companies, institutional clients can benefit from a secure and seamless trading experience while accessing market derivatives liquidity. With support from major financial institutions and a focus on regulatory compliance, Zodia Custody is poised to play a key role in meeting the growing demand for secure digital asset custody solutions among institutional investors. This partnership sets a new standard for secure custody solutions in the crypto space, paving the way for further innovation and growth in the industry.
