Zodia Custody, linked to Standard Chartered, is now in Hong Kong. This is a big step in its Asia-Pacific growth. Founded in 2020, Zodia helps banks store crypto safely. After launching in Australia, it’s eyeing Hong Kong. Hong Kong: Driven by Big Players In Hong Kong, big institu...
Zodia Custody, linked to Standard Chartered, is now in Hong Kong. This is a big step in its Asia-Pacific growth. Founded in 2020, Zodia helps banks store crypto safely. After launching in Australia, it’s eyeing Hong Kong.
Hong Kong: Driven by Big Players
In Hong Kong, big institutions, not regular folks, crave crypto. This fits Zodia perfectly. Julian Sawyer, Zodia’s CEO, says Hong Kong’s crypto-friendly stance is ideal. Unlike other places, Hong Kong’s big-player-driven demand matches Zodia’s services.
Regulatory Framework: Zodia and Hong Kong
Hong Kong welcomes crypto, unlike China. The Hong Kong Securities and Futures Commission (SFC) set up rules for crypto firms. Zodia is talking with the SFC and the Hong Kong Monetary Authority. They want to follow the rules and offer secure services.
Zodia’s Step-by-Step Approach
First, Zodia will offer a few crypto assets in Hong Kong. They’re also eyeing new partnerships and clients from other places. Zodia has already reached Japan, Singapore, and Australia. They plan to grow even more.
Zodia’s Strategic Partnerships and Market Impact
Zodia’s growth isn’t solo; it’s about partnerships too. They’re part-owned by giants like Northern Trust and Japan’s SBI Holdings. This backing gives them a unique edge. It’s not just about expanding; it’s about impacting the market. With such strong allies, Zodia is set to make significant waves in the crypto custody world.
Zodia Focuses on Safe Crypto Handling in Hong Kong
Zodia takes safe and responsible crypto handling seriously. They launched SAF3 in Australia. It’s a crypto custody platform with top-notch cold wallet storage and risk management. This shows Zodia’s dedication to reliable and secure crypto services for big clients.
Innovative Solutions for a Changing Market
Moreover, Zodia isn’t just expanding geographically; it’s innovating too. They understand that the crypto world is fast-paced and ever-changing. So, they’re constantly developing new solutions. These solutions aim to meet the evolving needs of their institutional clients. They’re not just following trends; they’re setting them.
Future Outlook: Broadening Horizons
Looking ahead, Zodia has big plans. They’re not just settling in Hong Kong. They’re eyeing the global stage. Their goal? To be the go-to for institutions diving into crypto. With their innovative spirit and commitment to security, Zodia is on track to redefine crypto custody. They’re not just expanding their map. They’re broadening the horizons of what’s possible in crypto security.
Conclusion
Zodia Custody’s move to Hong Kong is a big deal. They focus on safety, following rules, and responsible handling. Zodia is set to be a major player in global digital asset custody. As they grow and explore new markets, they stand out as a trusted crypto custodian for big clients worldwide.