Zodia Custody

Standard Chartered, Northern Trust, SBI Group, National Australia Bank, and Emirates NBD are disclosed as backers. The consortium structure gives Zodia a governance and distribution channel that most crypto-native custodians lack; the banks are not just clients but shareholders, which shapes the firm's compliance posture and strategic priorities.

Client acquisition flows through multiple channels: direct relationships from the five bank shareholders, partnerships with service providers such as Deloitte, and the Interchange network, which creates natural inbound demand from trading counterparties. Zodia also acts as custodian for regulated ETP issuers like 21Shares, Bitwise, and Invesco, which brings fund-level assets onto the platform.

Zodia provides custody and an off-venue settlement network called Interchange. Through Interchange, clients can trade with venues like LMAX Digital and BitMEX directly from cold storage. The firm does not run an exchange itself; it functions as the secure bridge between custody and execution, settling trades off-venue.

Zodia Solutions is the white-label infrastructure platform that allows banks and other financial institutions to offer digital-asset custody to their own end customers, without building the technology stack in-house. Standard Chartered's 2024 non-binding offer to acquire the custody business proposes separating Zodia Solutions into a standalone entity that would continue serving the bank and other clients.

Zodia Custody Limited is registered with the UK Financial Conduct Authority under the Money Laundering Regulations. Zodia Custody (Europe) S.A. is authorised as a crypto-asset service provider by the Luxembourg CSSF. Its Hong Kong entity holds a TCSP licence from the Companies Registry, and the Abu Dhabi vehicle, Tungsten Custody Solutions, is regulated by the ADGM Financial Services Regulatory Authority.

No. The firm does not publicly disclose assets under custody or any other metric that would reveal aggregate client positions. External estimates are not available, so the scale of the business is inferred from its disclosed institutional client base and bank-backing consortium rather than from a published number.