Zodia Custody has made a significant stride in digital asset management by launching its services in Singapore, a move aimed at capitalising on the burgeoning digital asset market in the country. Zodia Custody, a renowned British bank Standard Chartered subsidiary, leverages its global reach to excel in emerging markets. In this article, we will delve into the implications of Zodia’s entry into Singapore and its plans to cater to the growing demand for bank-grade custody of digital assets in the Asia-Pacific region.
Company’s Unique Offering in Singapore
Zodia Custody is revolutionising the financial landscape in Singapore by pioneering digital asset custody services in partnership with banks. This landmark development underscores the increasing interest of major financial institutions in engaging with cryptocurrencies and other digital assets. Zodia’s establishment in 2021, in collaboration with Northern Trust and backed by SBI Digital Asset Holdings, the crypto division of Japanese bank SBI, further solidified its position in the rapidly evolving crypto ecosystem.
Zodia: Expanding Across Asia-Pacific
With its successful entry into Singapore, Zodia Custody is poised to expand its presence across the Asia-Pacific region. The strategic shift responds to increasing institutional demand for secure custody solutions tailored to their digital asset needs. Zodia’s strong partnership with Standard Chartered and SBI Digital Asset Holdings uniquely positions it to meet the increasing demand effectively. Moreover, Zodia intends to serve its existing clients in the region, further bolstering its foothold in the Asia-Pacific market.
In conclusion, Zodia Custody’s launch in Singapore marks a pivotal moment in digital asset management. The company’s strategic expansion in the Asia-Pacific region positions them to satisfy the growing need for secure digital asset custody. Zodia Custody’s growing influence in the crypto market ensures its pivotal role in fostering institutional adoption of digital assets locally.
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