Zodia – the leading crypto asset servicing provider for institutional investors and a subsidiary of Standard Chartered – has tapped Fireblocks to enhance connectivity for their user base and provide them with direct access to the Fireblocks Network.
Effective immediately, Zodia Custody users will gain access to the Fireblocks Network’s base of over 1,000 liquidity partners, trading venues, lending desks, and counterparties for instant transfers, rebalancing, and payments – all directly from their Zodia Custody wallet.
Through the integration, Zodia Custody looks to further its goal of becoming the most connected and secure crypto asset servicing provider in the world.
How Zodia is using the Fireblocks Network
Using the Fireblocks Network, Zodia looks to connect their user base with every major exchange, OTC, liquidity provider, and trading venue in the digital asset space. The Network enables Zodia to provide their customer base with the highest level of security in each and every transaction.
Registered with the UK’s Financial Conduct Authority (FCA) and as a Money Services Business with FinCEN in the U.S., Zodia Custody aims to provide a secure, efficient, and compliant solution for clients to transact with numerous counterparties without the need to exchange wallet addresses and jeopardizing security.
Counterparties on the Fireblocks Network are checked using due-diligence checks by Zodia Custody and Fireblocks, reducing transaction risks associated with unknown or risky counterparties.
About Zodia
Zodia Custody, subsidiary of Standard Chartered and in association with Northern Trust, is a crypto-asset custodian for institutional investors around the globe. Through the combination of leading technology, custody, governance and compliance, Zodia Custody satisfies the complex needs of institutional investors.
The company is AMLD5 compliant and applies the same standards as Standard Chartered relating to AML, FCC and KYC. It is also FATF travel rule compliant.
Zodia Custody Limited is registered with the FCA as a Crypto Asset Business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
