Zodia Markets Secures Registration in Ireland

Standard Chartered-backed Zodia Markets has successfully gained registration in Ireland, marking a significant step forward for the digital asset custody provider. This registration will allow Zodia to expand its operations and offer a range of services to institutional investors in the European Union.

Zodia was founded in December 2020 as a joint venture between Standard Chartered and Northern Trust. Its main focus is to provide a secure and compliant platform for institutional investors to custody their digital assets. With the increasing popularity of cryptocurrencies and other digital assets, there is a growing demand for reliable custody services, and Zodia aims to address this need.

The registration in Ireland is particularly noteworthy as the country has established itself as a favorable destination for fintech companies, especially those operating in the digital asset space. Ireland’s pro-business environment and supportive regulatory framework have attracted numerous financial organizations over the years, making it an ideal base for Zodia’s European operations.

Being registered in Ireland will enable Zodia to offer its custody services to institutional investors throughout the European Union. This is crucial as the EU has been actively working on establishing a regulatory framework for digital assets. By complying with these regulations and obtaining the necessary licenses, Zodia will be well-positioned to tap into the European market and provide its services to a wide range of financial institutions.

One of the key advantages of Zodia is its strong backing by Standard Chartered, a renowned international banking group. Standard Chartered’s expertise and global network will undoubtedly contribute to Zodia’s success and help establish its credibility within the industry. Standard Chartered’s legacy of trust and security will provide reassurance to potential clients, who will trust Zodia with the custody of their valuable digital assets.

Zodia’s partnership with Northern Trust brings additional expertise to the table. Northern Trust, a well-established financial institution with a long history of providing custody services, will contribute its industry knowledge and best practices to help Zodia navigate the complex world of digital assets. This collaboration is likely to strengthen Zodia’s position as a trusted custodian for institutional investors.

In addition to its partnership with Standard Chartered and Northern Trust, Zodia also benefits from its commitment to strict compliance standards. The company is dedicated to adhering to the highest levels of regulatory and legal requirements, ensuring the utmost security and transparency for its clients. This commitment will undoubtedly attract institutional investors who prioritize regulatory compliance and risk management when choosing a custody provider.

Zodia’s registration in Ireland marks a significant milestone for the company and the digital asset industry as a whole. It demonstrates the increasing recognition and acceptance of digital assets by traditional financial institutions and regulatory bodies. As digital assets become more mainstream, the need for robust custody solutions will only grow, and companies like Zodia are well-positioned to meet these demands.

Standard Chartered-backed Zodia Markets’ registration in Ireland paves the way for the company to expand its operations and offer its services to institutional investors throughout the European Union. With the support of its strong partners, Standard Chartered and Northern Trust, and its commitment to compliance, Zodia is poised to become a trusted custodian for digital assets. Its incorporation in Ireland, a favorable jurisdiction for fintech companies, further strengthens its position in the market. As the digital asset industry continues to evolve, Zodia’s registration in Ireland marks a significant step towards the mainstream adoption of digital assets and the establishment of secure custody solutions.