Standard

<div class="coinjournal">
 <ul>
  <li>Zodia Custody, backed by Standard Chartered Bank, integrates Metaco’s crypto storage.</li>
  <li>The move is aimed at enhancing global sub-custody services for cryptocurrencies.</li>
  <li>The collaboration reflects the third generation of crypto custody, linking multiple custodians for secure and compliant management of digital assets.</li>
 </ul>
 <p>In a strategic move to enhance global sub-custody services for cryptocurrencies, Zodia Custody, backed by Standard Chartered Bank, has integrated Metaco network’s crypto storage services.</p>
 <p>This collaboration aims to redefine <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> custody and settlement processes, resembling traditional finance models. The move comes amid increasing demand for secure digital asset <a rel="noopener noreferrer nofollow" title="storage" href="https://thebittimes.com/tag/storage.html">storage</a> and reflects the evolution of the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> industry.</p>
 <h2 id="zodia-custody-s-partnership-with-metaco">Zodia Custody’s partnership with Metaco</h2>
 <p>Zodia Custody’s integration of Metaco network’s <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="storage" href="https://thebittimes.com/tag/storage.html">storage</a> <a rel="noopener noreferrer nofollow" title="service" href="https://thebittimes.com/tag/service.html">service</a>s is designed to offer global sub-custody <a rel="noopener noreferrer nofollow" title="service" href="https://thebittimes.com/tag/service.html">service</a>s for <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies, enabling Metaco to store client funds securely and facilitate efficient fund management. CEO Julian Sawyer emphasizes the evolution of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> custody into a third generation, where multiple custodians are interconnected.</p>
 <p>This integration aligns with Zodia’s expansion, having recently extended its services in Hong Kong in response to rising institutional demand.</p>
 <h2 id="metaco-s-role-and-industry-dynamics">Metaco’s role and industry dynamics</h2>
 <p>Swiss-based firm Metaco, now under Ripple’s ownership following a $250 million acquisition earlier this year, leverages Ripple’s scale and market strength. The collaboration with Zodia Custody aims to accelerate reaching clients and providing advanced crypto storage solutions.</p>
 <p>Notably, as the crypto industry grapples with trust and transparency issues, the integration of Metaco’s services into Zodia Custody signifies a crucial step in addressing these concerns. This move also aligns with broader industry trends, as evidenced by HSBC’s plans to launch a custody service in 2024, excluding cryptocurrencies, in partnership with Metaco.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/standard-chartered-zodia-integrates-ripple-owned-metaco-s-crypto-storage-services-tbt72529.html">https://thebittimes.com/standard-chartered-zodia-integrates-ripple-owned-metaco-s-crypto-storage-services-tbt72529.html</a></p>

Standard Chartered Zodia integrates Ripple-owned Metaco’s crypto storage services

Table of Contents

TheBitTimes

Other articles published on Dec 4, 2023

Binance Adds New Terra Luna Classic Pair As LUNC Price Soars 60%

UBS commits to expanding in the United States

Top Crypto Gainers Today on DEXTools – 10000X, BabyGrok, SaFLok

Following Bitcoin’s Rally, South Korea’s Largest Exchange Reports Extraordinary Volume Surges in ...

Osmosis and UX Chain Announce Merger, Set to Jointly Launch Cosmos-based DeFi Hub

Bitcoin breaks the $41k mark, active addresses surge

Join our free newsletter for daily crypto updates!