BlockFills integrates with Standard Chartered’s FCA-registered digital asset custodian, Zodia
“Upper-echelon financial institutions, funds, and family offices have increasingly requested that BlockFills integrate with a UK-domiciled, FCA registered custody provider with cutting-edge technology. The formation of this relationship is our answer to our clients looking for a highly regulated and secure custody solution.”
BlockFills has integrated with FCA-registered digital asset servicing provider Zodia Custody to provide secure, registered digital asset market access to its customers worldwide.
The partnership equips BlockFills with access to the UK-domiciled, FCA-registered digital asset custody platform owned by Standard Chartered, in association with Northern Trust and SBI Holdings.
Additionally, Zodia Custody clients will acquire access to BlockFills’ digital asset technology and liquidity across spot, derivatives, and credit markets.
A safe passage into the digital asset market
Nick Hammer, co-founder, and CEO of BlockFills, said: “Upper-echelon financial institutions, funds, and family offices have increasingly requested that BlockFills integrate with a UK-domiciled, FCA registered custody provider with cutting-edge technology. The formation of this relationship is our answer to our clients looking for a highly regulated and secure custody solution.”
Patrick Zielbauer, Managing Director of Sales at BlockFills, commented: “The combination of Zodia Custody’s focus on loss prevention, proof of ownership, and segregation of duty with the established custody approach championed by Standard Chartered and Northern Trust is the solution our clients have asked for.”
Julian Sawyer, CEO of Zodia Custody, added: “We are elated to be partnering with BlockFills to provide institutions with a safe passage into the digital asset market; it is essential to offer both the highest levels of security and compliance. Through Zodia Custody, BlockFills’ customers will access cutting-edge, digital asset-native technology including cold-storage security with 24/7, instant availability alongside bank-level compliance and governance. They will also benefit from full safeguarding and segregation mirroring the UK CASS principles. The addition of a market participant of BlockFills’ pedigree will enhance our objective of encouraging the institutional adoption of digital asset markets.”
Zodia applies same AML, FCC, and KYC standards as Standard Chartered
As a subsidiary of Standard Chartered with backing from Northern Trust and SBI Holdings, Zodia Custody satisfies institutional investors’ needs for a digital asset servicing provider that meets investors’ high standards and expectations.
Zodia implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a digital asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended.