Zodia Custody Joins Metaco's Global Crypto Network

Zodia Custody, a cryptocurrency storage provider supported by Standard Chartered, has recently joined forces with Metaco, a Ripple-owned custody specialist. This collaboration is set to enhance the safekeeping and settlement of digital assets for global institutions. The integration aims to provide global sub-custody services, a critical feature in banking for holding assets through a contracted custodian. The move reflects a broader trend in the crypto industry, mirroring traditional finance practices and evolving infrastructure to mitigate counterparty risks. Zodia Custody, currently operating in the UK, Ireland, Luxembourg, and Singapore, has also expanded its services as an over-the-counter (OTC) crypto broker-dealer in Abu Dhabi. Moreover, Metaco has secured a partnership with HSBC for its custody tech services, marking significant strides in institutional-grade crypto custody solutions.

_{Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.}