Zodia Custody links to Fireblocks network 23 May 2022UK, US Reporter: SFT
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Zodia Custody has extended access for its institutional customers to the Fireblocks Network, a global capital markets gateway for cryptoassets.
This will enable Zodia Custody鈥檚 institutional clients to connect directly with Fireblocks鈥� Network of more than 1000 liquidity providers, lending desks, execution venues and counterparties for payments, transfers and rebalancing directly from their Zodia Custody wallets.
The two service partners, Zodia and Fireblocks, will conduct due diligence checks on counterparties on the Fireblocks Network prior to Zodia clients taking.
As a subsidiary of Standard Chartered, Zodia Custody is registered with the UK Financial Conduct Authority and as a Money Services Business with FinCEN in the UK and provides a wide range of cryptoasset services to institutional clients.
Maxime de Guillebon, Zodia Custody鈥檚 CEO, says: 鈥淭his product enhancement in partnership with Fireblocks expands Zodia Custody鈥檚 offering even further, while still allowing parties to operate within a secure and compliant environment. We are delighted to have gone live with this service, which presents a milestone in our goal to provide a total service proposition that meets the entire needs of our customer base.鈥�
Fireblocks鈥� VP of product strategy and business solutions Stephen Richardson comments: 鈥淲e develop the technology that allows our clients to access digital assets securely and at a scale and now Zodia Custody will be able to offer the connectivity and the ability to trade across different liquidity pools and allocate capital across a fragmented market via the Fireblocks Network鈥�.
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