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<ul><li>Zodia is expanding into Hong Kong due to heightened institutional interest in cryptocurrencies in the region.</li><li>In Hong Kong, Zodia is offering a limited range of cryptocurrencies and actively engaging with regulatory bodies for necessary approvals.</li><li>The platform&#39;s $36 million funding round led by SBI Holdings, reflects growing institutional confidence in the cryptocurrency market.</li></ul>Zodia, a big cryptocurrency custody platform backed by major financial companies like Standard Chartered and SBI Holdings, is making a big <a href="https://www.cnbc.com/2023/10/30/standard-chartered-owned-crypto-firm-zodia-launches-in-hong-kong.html" rel="noopener noreferrer nofollow">move</a> into Hong Kong. This decision is driven by a rising interest in cryptocurrencies from big institutional investors in the region. Zodia&#39;s expertise in crypto storage makes it a perfect fit for this growing market. Hong Kong&#39;s government also supports digital assets and wants the city to be a key player in the crypto world.Zodia&#39;s CEO, Julian Sawyer, pointed out that institutional investors are the main force behind the increasing demand for cryptocurrencies in Hong Kong. He cited,“What we’re seeing is there are absolutely clients in all of those four markets who want to do things.We also see a lot of other clients and prospects outside those four jurisdictions that want to come in on the institutional side.&#34; Zodia is planning a careful rollout of its services in Hong Kong, starting with a few of cryptocurrencies. They are currently in talks with Hong Kong&#39;s financial authority, the SFC and the Hong Kong Monetary Authority to get the necessary approvals to operate in the city.Read full article at <a href="https://cryptotale.org/hong-kong-launches-standard-chartered-owned-crypto-platform-zodia/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Hong Kong Launches Standard Chartered-Owned Crypto Platform Zodia

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