Latest news with #ZodiaCustody
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Business Standard
15-07-2025
- Business
- Business Standard
Standard Chartered launches Bitcoin, Ether spot trading for institutions
Standard Chartered will allow institutional clients to trade bitcoin and ether through its UK branch, the bank said on Tuesday, becoming what it said was the first global systemically important bank to offer such crypto services. Some financial institutions have said they are seeing more client demand for crypto products as the price of bitcoin hits record highs, helped by US President Donald Trump's pro-crypto stance. Institutional clients around the world, including corporates, investors and asset managers, will be able to conduct spot crypto trading through Standard Chartered's existing platforms, and will soon be offered non-deliverable forwards trading, the bank said in a statement. Standard Chartered already offers crypto products, including trading, via two independent subsidiary companies: Zodia Markets and Zodia Custody. Zodia Markets allows clients to trade more than 70 crypto assets, a spokesperson for Standard Chartered said. "As client demand accelerates further, we want to offer clients a route to transact, trade and manage digital asset risk safely and efficiently within regulatory requirements," Chief Executive Bill Winters said in the statement. Crypto asset markets have gradually recovered in recent years, after a series of crypto company bankruptcies in 2022 revealed widespread misconduct across the nascent industry and left millions of investors out of pocket. The US House of Representatives is set to pass a series of crypto-related bills this week, which the Republican majority has dubbed "crypto week". Some US banks are holding internal discussions about expanding into crypto, a sector many had previously avoided, and France's Societe Generale last month became the world's first major bank to launch a dollar-pegged stablecoin.
Yahoo
15-07-2025
- Business
- Yahoo
Standard Chartered Says It's the First Global Bank to Offer Spot Bitcoin, Ether Trading
Cryptocurrency-friendly lender Standard Chartered is claiming bragging rights of being the first global bank to offer spot trading in bitcoin (BTC) and ether (ETH) to institutional clients. The offering, rolled out through the bank's UK branches, is available initially via our U.K. entity, during Asia and Europe trading hours, with 24/5 access under consideration as client demand evolves, said Rene Michau, global head of digital assets. 'Standard Chartered is the first global systemically important bank to be offering cryptoasset trading.' Michau said in an email. 'We define institutional clients as financial institutions such as asset managers and investors, and large multinational companies who are clients of our corporate and investment banking division.' Standard Chartered has been involved in crypto and digital assets for some time. The bank now offers digital assets custody and trading through its corporate and investment bank, and through the companies StanChart invested in, such as Zodia Custody and Zodia Markets. It also offers digital asset tokenization services, through its portfolio company Libeara. The new service is integrated into Standard Chartered's existing trading platforms, allowing corporates, asset managers and institutional investors to access crypto markets through familiar FX interfaces. Clients can settle trades to a custodian of their choice, including Standard Chartered's in-house custody service. The focus for now will remain on BTC and ETH spot trading with plans to expand the services suite for these crypto assets including the introduction of non-deliverable forwards (NDFs) trading, Michau said.
Business Times
15-07-2025
- Business
- Business Times
Standard Chartered launches Bitcoin, Ether spot trading for institutional clients
[HONG KONG] Standard Chartered will allow institutional clients to trade Bitcoin and Ether through its UK branch, the bank said on Tuesday (Jul 15), becoming what it said was the first global systemically important bank to offer such crypto services. Some financial institutions have said they are seeing more client demand for crypto products as the price of Bitcoin hits record highs, helped by US President Donald Trump's pro-crypto stance. Institutional clients around the world, including corporates, investors and asset managers, will be able to conduct spot crypto trading through Standard Chartered's existing platforms, and will soon be offered non-deliverable forwards trading, the bank said in a statement. Standard Chartered already offers crypto products, including trading, via two independent subsidiary companies: Zodia Markets and Zodia Custody. Zodia Markets allows clients to trade more than 70 crypto assets, a spokesperson for Standard Chartered said. 'As client demand accelerates further, we want to offer clients a route to transact, trade and manage digital asset risk safely and efficiently within regulatory requirements,' chief executive bill Winters said in the statement. Crypto asset markets have gradually recovered in recent years, after a series of crypto company bankruptcies in 2022 revealed widespread misconduct across the nascent industry and left millions of investors out of pocket. The US House of Representatives is set to pass a series of crypto-related Bills this week, which the Republican majority has dubbed 'crypto week'. Some US banks are holding internal discussions about expanding into crypto, a sector many had previously avoided, and France's Societe Generale last month became the world's first major bank to launch a US dollar-pegged stablecoin. REUTERS
Fintech News ME
02-07-2025
- Business
- Fintech News ME
Zodia Custody Completes Acquisition of Abu Dhabi's Tungsten Custody Solutions
Zodia Custody, a London-based institution-focused digital assets platform backed by Standard Chartered Ventures, Emirates NBD, Northern Trust, SBI Holdings, and National Australia Bank Ventures, has announced the completion of its acquisition of Tungsten Custody Solutions, a regulated digital asset custodian based in the UAE. This follows an earlier announcement in April regarding Zodia Custody's intent to acquire Tungsten. The acquisition strengthens Zodia Custody's capacity to provide secure digital asset custody services in jurisdictions considered central to the development of digital finance. The transaction also transfers Tungsten's regulatory license under the Financial Services Regulatory Authority (FSRA) to Zodia Custody. Additionally, Zodia Custody will continue the process of obtaining a full Virtual Asset Service Provider (VASP) licence from Dubai's Virtual Asset Regulatory Authority (VARA), following Tungsten's initial approval certificate from the regulator. 'Zodia Custody's acquisition of Tungsten reflects our long-standing and ongoing commitment to the UAE,' said Dom Longman, Global Head of Markets at Zodia Custody. 'We are excited to deepen our presence in a market that is leading digital asset regulation through meaningful collaboration and revenue synergies with businesses operating under its authority. We hope to replicate this type of relationship across the markets in which we operate.' Tungsten was incubated by Further Ventures, an Abu Dhabi-based venture capital firm focused on digital assets. As part of the acquisition, Further Ventures will join Zodia Custody's cap table. The firm's established connections to the UAE's investment and regulatory landscape are expected to support Zodia Custody's ongoing regional collaboration. The acquisition comes amid growing merger and acquisition activity in the digital assets sector and reinforces Zodia Custody's position as a provider of institutional-grade custody services.
Business Insider
19-06-2025
- Business
- Business Insider
Zodia Custody Expands Institutional Staking with Everstake as Validator Partner Across Multiple PoS Networks
Miami, FL, June 19th, 2025, Chainwire Everstake, a leading global non-custodial staking provider serving institutional and retail clients, has partnered with Zodia Custody, a leading institutional digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank. Through this collaboration, Everstake will support institutional staking for Zodia Custody clients by providing validator infrastructure across multiple Proof-of-Stake (PoS) networks. To align with institutional expectations, Zodia is introducing staking with Everstake. The first tranche brought support for Polkadot (DOT), Cardano (ADA), and Solana (SOL), with Everstake serving as a trusted validator partner across these networks. In the second tranche, the infrastructure will also extend to Ethereum (ETH), NEAR Protocol (NEAR), and Babylon (BABY), with support scheduled to go live in the coming months—further expanding staking capabilities for Zodia clients. Staking is playing an increasingly prominent role in institutional digital asset strategies, but slashing risk, compliance, and infrastructure reliability remain key barriers. This partnership addresses those challenges by combining Zodia's secure, institutional-backed custody platform with Everstake's institutional-grade validator infrastructure, offering 99.9% uptime and full compliance with ISO/IEC 27001:2022, SOC 2 Type 2, and GDPR. Together, they provide a natural solution for institutions seeking secure, compliant staking at scale. By integrating directly into Zodia's custody platform, Everstake enables staking without requiring clients to compromise custody. Assets are staked through Zodia's internal API infrastructure and routed to Everstake's whitelisted nodes. Everstake never accesses customer keys or assets; all operations remain auditable, transparent, and aligned with institutional governance. 'Institutions are looking for ways to put their digital assets to work without compromising on security or compliance,' said Julian Sawyer, CEO of Zodia Custody. 'By partnering with Everstake, we're enabling clients to stake assets like SOL and NEAR directly from custody while maintaining full oversight, control, and governance over the process.' 'We believe staking will underpin the next wave of institutional adoption in digital assets,' said Bohdan Opryshko, co-founder and COO of Everstake. 'Our partnership with Zodia reflects the growing demand for compliant staking infrastructure built to institutional standards. We're proud to support this new tranche of their program and help deliver institutional-grade staking to their clients.' About Zodia Custody Zodia Custody is an institution-first digital assets platform backed by Standard Chartered Bank, SBI Group, Northern Trust and National Australia Bank. Offering a seamless combination of custody, treasury and settlement solutions, Zodia Custody enables institutional investors worldwide to embrace the digital asset future with confidence, security and efficiency. Everstake is a leading global non-custodial staking provider serving institutional and retail clients and enabling secure access to over 85 Proof-of-Stake networks. Founded in 2018 by blockchain engineers, the company supports more than 735,000 delegators, $6.5 billion in staked assets, and 40,000+ active validators — delivering institutional-grade infrastructure with 99.9% uptime and zero material slashing events since inception. Trusted by asset managers, custodians, wallets, exchanges, and protocols, Everstake offers API-first, compliant infrastructure backed by SOC 2 Type 2 and ISO 27001:2022 certifications, GDPR compliance, and regular smart contract audits. Its globally distributed team of 100+ professionals is committed to making staking accessible to everyone while strengthening the foundations of decentralized finance. Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of or otherwise hold or manage customer assets. Everstake does not conduct independent diligence or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake's provision of technology services allowing users to stake digital assets is not an endorsement or a recommendation of any digital asset. Users are fully and solely responsible for evaluating whether to stake digital assets. PR Manager
