Ripple’s Metaco joins Zodia Custody’s network for connectivity with Layers 0 and 1
“As the industry undergoes a pivotal transformation, our networked infrastructure is dedicated to standardise, govern and connect institutional digital asset flows — an essential step in forging use cases that transcend individual companies.”
Zodia Custody, an institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, and Northern Trust, has announced its integration with Metaco, the Ripple-owned digital asset infrastructure provider.
This collaboration aims to create a comprehensive global network for institutional investors, enhancing access to Zodia Custody’s bank-grade custody solutions via the Metaco platform.
Enhancing connectivity with Layers 0 and 1
This strategic expansion builds on the existing relationship between Zodia Custody and Metaco. It focuses on developing networked solutions for institutional investors, offering secure and compliant digital asset services.
The partnership strengthens the global digital asset infrastructure, particularly in connectivity with Layers 0 and 1 blockchains, thus establishing a solid settlement network.
Institutions within the Metaco network can benefit from Zodia Custody’s Interchange service, which offers additional security, risk management, and solvency protection.
Metaco’s client base, including leading global banks and financial institutions, will now have access to a diverse range of digital asset service providers through this network, enhancing their digital asset strategies.
The collaboration is part of Zodia Custody’s broader initiative to become the most interconnected custodian in the digital asset ecosystem. It includes plans to launch its own network in Q4 2023.
The partnership reinforces Zodia Custody’s commitment to keeping client assets safe both at rest and in transit across the Interchange network. This includes trades connected to exchanges, assets being transferred to institutions aligned on KYC and AML practices, and assets being used as collateral in protocols to meet regulatory requirements.
“Essential step in forging use cases that transcend individual companies”
James Harris, Chief Commercial Officer, Zodia Custody, said: “Combining our forces on this institutional network for digital asset flows, spanning sub-custody, trading use cases, and beyond, is an important step on the way to building truly rigorous digital asset infrastructure, globally. We are focused on expanding the options available to our clients via our financial network, thus ensuring Zodia Custody can become a truly comprehensive digital asset solutions provider. We want to ensure that any institutional investor can seamlessly trade, without compromise — this is another significant step on that journey.”
Adrien Treccani, Founder and CEO of Metaco, said: “As the industry undergoes a pivotal transformation, our networked infrastructure is dedicated to standardise, govern and connect institutional digital asset flows — an essential step in forging use cases that transcend individual companies. We are committed to providing interoperable, open infrastructure that enables institutions to create innovative, value-added services, thereby establishing the benchmark for the future of digital asset ecosystems.”