According to a press release from the company, the new service, Interchange, will allow customers to maintain assets through Zodia Custody and then replicate those holdings on an exchange. This service will be used by Zodia Markets, a sibling company of Zodia.
“Zodia Custody’s key principles have always evolved around asset safety, segregation between custody and trading, and the effective management of counterparty risk,” said Maxime de Guillebon in the release.
“The difficulties crypto investors have endured over the last year have exacerbated how critical these principles are today. At Zodia Custody, we believe that such a solution, like Interchange, is not optional, but mandatory.”
Zodia Custody is a subsidiary of UK investment bank Standard Chartered and backed by Northern Trust.
In order to start working on Zodia in December 2020, Northern Trust teamed with SC Ventures, the innovation and ventures division of Standard Chartered. According to its website, Chicago-based Northern Trust had $12.8 trillion in assets under custody as of September 2022.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
Bitcoin Spot ETF Inflows have reached $510 million as of November 13, marking six consecutive…
Solana DEX trading volume reached historic highs, exceeding $5 billion daily for three days. Raydium…
Phantom iOS users are warned that a recent app update caused some users to log…
Japanese crypto exchange Coincheck is set to become the first Japanese crypto exchange to list…
The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…
Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…
This website uses cookies.
