Zodia Custody announces “network of networks” featuring Ripple’s Metaco, Fireblocks, Copper

Rick Steves

“This is another exciting step on the road to fulfilling our mission of providing the best solutions for institutions around the world looking to harness the opportunities digital assets bring.”

Zodia Custody, backed by Standard Chartered, SBI Holdings, and Northern Trust, has announced the launch of Interchange Connect. This new initiative positions Zodia as a highly connected digital asset custodian for institutions globally.

Interchange Connect, described as a ‘network of networks’, integrates various institutional-focused digital asset custody solutions. Set to launch in Q1 2024, it initially features integrations with Metaco, Fireblocks, and Copper’s ClearLoop network.

Reducing counterparty risk and offering off-exchange settlement

This network aims to simplify the management of digital assets for institutional clients. It promises seamless and secure transfers across trading accounts and bank-grade security. By reducing counterparty risk and offering off-exchange settlement, it enhances the safety of digital asset transactions.

James Harris, Chief Commercial Officer at Zodia Custody, said: “As the ecosystem evolves at speed, we move faster to provide comprehensive and global solutions for institutions. Interchange Connect massively opens up the possibilities for institutions by connecting our own bank-grade infrastructure and unique custodial solutions to others, ensuring that institutions gain additional secure, reliable and compliant end-to-end service capabilities.”

Julian Sawyer, CEO, Zodia Custody, commented: “No one party will be solely able to evolve the infrastructure underpinning the digital asset ecosystem — but together, we can provide the tools and services to bring digital assets into the mainstream. Through the comprehensive integrations offered by Interchange Connect, we are helping to push the ecosystem forward, ensuring institutions have access to secure custody options, without the need for operational headaches. This is another exciting step on the road to fulfilling our mission of providing the best solutions for institutions around the world looking to harness the opportunities digital assets bring.”

Security, risk management, and solvency protection

The launch of Interchange Connect represents a significant step in reducing the complexity of managing digital assets. It aims to be a one-stop solution for all digital asset holdings, reducing the need for multiple accounts and networks.

The network further enhances the security, risk management, and solvency protection for institutions trading digital assets. Zodia Custody’s Interchange solution is a key component of this offering.

Zodia Custody is positioned as a leading institution-first digital asset custodian. It focuses on meeting the complex needs of institutional investors through technology, custody, governance, and compliance.

As a regulated entity, Zodia Custody adheres to various international standards and regulations. These include the 5AMLD and FATF Travel Rule, along with AML, FCC, and KYC standards aligned with Standard Chartered.

  • Read this next


    Traxys taps Quantifi for risk management in commodities trading

    “We wanted to take a more sophisticated approach to risk management and have a consolidated view of risk exposures across our global operating model. Quantifi was our preferred choice as it has a track record of success in the commodities markets.”

    Digital Assets

    Startale Labs Secures Funding for Web3 Expansion

    Startale Labs, a leader in Japan’s Web3 development, including Astar Network and Startale Web3 Cloud, has raised an additional $3.5m from UOB Venture Management and Samsung Next. This seed extension round boosts their total seed funding to $7m, following a $3.5m investment from Sony Network Communications in June 2023.

    Retail FX

    XS.com acquires South African broker Ubutyebi Financial Services

    XS.com, the multi-regulated financial services provider, has made a strategic move to expand its presence in Africa by acquiring Ubutyebi Financial Services, a licensed Financial Service Provider (FSP) in South Africa regulated by the Financial Sector Conduct Authority (FSCA).

    Digital Assets

    Hong Kong advances legislation on stablecoins and crypto trading

    Hong Kong is moving forward with legislation to regulate stablecoins and crypto over-the-counter (OTC) trading in the latest effort to develop a legal framework to service the city’s digital-asset industry.

    Digital Assets

    Do Kwon to be extradited to US as South Korea request overturned

    Terraform Labs co-founder Do Kwon is set to be extradited to the United States to face fraud charges related to massive losses suffered by U.S. investors due to its algorithmic stablecoin collapse.

    Retail FX

    Prop firm Instant Funding pauses US accounts, citing ThinkMarkets ban

    Proprietary trading firm Instant Funding has become the latest retail platform to halt onboarding new US clients, citing a recent decision by their partner broker, ThinkMarkets.

    Retail FX

    Funded Trader and Alpha Capital switch to cTrader, Lark Funding to DXTrade

    Proprietary trading firms Lark Funding and Alpha Capital have both announced changes to their operations that mainly affect their business with US clients.


    Top 5 Most Reliable KYC Technology Providers

    The financial sector’s trade evolution has led to the emergence of several financial markets that provide excellent opportunities for wealth creation. However, it has also given rise to many fraudulent organisations that attempt to steal money from traders. KYC providers developed and offered KYC technology to combat criminal activity in the field of trading and investing.

    Crypto Insider

    Introducing the Inaugural CMC Crypto Awards by CoinMarketCap

    CoinMarketCap, a leading source for Crypto data and insights, is excited to introduce the inaugural CMC Crypto Awards. This virtual event, running from February 21st to March 6th, celebrates innovators and leaders who are making significant impacts in the Crypto and Web3 sectors.