🌎 Zodia Custody Partners with Deribit to Enhance Crypto Trading Security

Crypto custodian Zodia Custody has partnered with the crypto exchange Deribit, allowing institutional clients to access market derivatives liquidity while keeping their assets secure in segregated cold wallets.

Zodia Custody, supported by Standard Chartered, has announced a new partnership with the crypto options exchange Deribit to expand its Interchange network. This collaboration aims to enhance the trading experience for institutional and high-volume traders by integrating Deribit into Zodia’s Interchange network, an off-venue settlement solution.

According to James Harris, Zodia Custody’s Chief Commercial Officer, this partnership provides a significant market advantage for clients. The Interchange network facilitates seamless trading while ensuring the security of assets.

This development follows closely on the heels of Zodia Custody securing funding from Australia’s largest bank. This financial support strengthens Zodia’s position in the institutional digital asset custody sector.

The recent funding round saw Zodia Custody receiving investment from NAB Ventures, the venture capital arm of National Australia Bank, one of Australia’s leading financial institutions. With backing from four major global financial institutions, including Standard Chartered, Northern Trust, and SBI Holdings, Zodia Custody is well-positioned to expand its operations. The new capital will be used to accelerate efforts in Australia, particularly in onboarding local digital asset exchanges, in anticipation of regulatory changes expected by 2025.