© Reuters.
In response to substantial institutional demand, Zodia Custody, a UK-based custodian backed by Standard Chartered (OTC:), SBI Holdings and Northern Trust (NASDAQ:), has expanded its institutional-grade digital asset services to Hong Kong. The announcement was made by Julian Sawyer, Zodia’s CEO, following the company’s recent expansions in Australia and Singapore.
Zodia provides institutions with secure access to digital asset exchanges via bank-grade cold wallet storage. The firm is registered with the UK’s Financial Conduct Authority, further solidifying its credibility in the evolving digital asset market.
The company’s expansion into Hong Kong comes as part of the city’s crypto retail trading licensing scheme, which aims to position Hong Kong as a major hub for cryptocurrency. This move is further supported by the Securities and Futures Commission’s recent introduction of additional investor protection measures.
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