The crypto security firm Zodia Custody, owned by the renowned British banking giant Standard Chartered, further solidifies its presence in Asia by launching in Hong Kong. This move marks Zodia’s latest venture following successful expansions in Japan, Singapore, and Australia ear...
- Zodia Custody, a crypto-security firm owned by Standard Chartered, launches its digital assets services in Hong Kong.
- “The Hong Kong government and the regulators want Hong Kong to be a hub,” according to Zodia’s CEO Julian Sawyer.
- Hong Kong distinguishes itself as an institutional-driven crypto market, with large transactions exceeding $10 million.
The crypto security firm Zodia Custody, owned by the renowned British banking giant Standard Chartered, further solidifies its presence in Asia by launching in Hong Kong. This move marks Zodia’s latest venture following successful expansions in Japan, Singapore, and Australia earlier this year.
Unlike many markets where retail customers often dominate the demand for digital assets, Hong Kong stands out as a hub where institutions are steering the crypto revolution. In a CNBC report, Zodia Custody’s CEO, Julian Sawyer, expressed his enthusiasm about this development, highlighting that “this is the ideal clientele for Zodia.”
A recently published Chainalysis report shows that Hong Kong is a highly active crypto market with an estimated $64 billion in crypto received between July 2022 and June 2023. Nota…
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