Zodia Custody, a digital asset custodian supported by Standard Chartered, is expanding its services in Hong Kong, according to a recent CNBC report. The company’s move comes as part of its ongoing expansion efforts across the Asia-Pacific region.
The CEO of Zodia, Julian Sawyer, highlighted the significant demand from institutions in Hong Kong, underscoring the market’s appeal for their services.
Zodia has been actively broadening its presence in the Asia-Pacific area, with recent expansions in Australia and Singapore. The company’s platform facilitates connections between institutions and digital asset exchanges, ensuring secure storage through top-tier cold wallet storage solutions.
Notably, Zodia Custody has received backing from notable entities such as Standard Chartered, SBI Holdings, and Northern Trust, and is registered under the UK’s Financial Conduct Authority.
Hong Kong, which launched its crypto retail trading licensing scheme in June, aims to establish itself as a prominent cryptocurrency hub in Asia. The region’s Securities and Futures Commission has recently implemented additional investor protection measures, indicating a growing emphasis on regulatory frameworks.
