{"id":82570,"date":"2024-06-25T18:44:47","date_gmt":"2024-06-25T22:44:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82570"},"modified":"2024-06-25T18:58:32","modified_gmt":"2024-06-25T22:58:32","slug":"zodia-custody-partners-21shares-for-crypto-etp","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/zodia-custody-partners-21shares-for-crypto-etp\/","title":{"rendered":"Zodia Custody Partners 21Shares for Crypto ETP"},"content":{"rendered":"\n

Zodia Custody becomes a leading custodian for 21Shares, bringing greater risk controls and regulatory compliance<\/a> for institutional investors.<\/p>\n\n\n\n

\"Zodia
Zodia Custody Partners 21Shares for Crypto ETP<\/figcaption><\/figure>\n\n\n\n

The custodian provider for 21Shares' physically backed exchange-traded products\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (ETPs) in Switzerland will be Zodia Custody, a British cryptocurrency custodian sponsored by Standard Chartered and SBI Holdings. <\/p>\n\n\n\n

In response to a “continuing sharp increase in ETP demand,” the London-based company announced on Tuesday via blog that it will offer custody services for “physically backed ETP products in Switzerland and the wider European market.” <\/p>\n\n\n\n

Mandy Chiu, head of financial product development at 21Shares, highlights Zodia's “cold storage infrastructure and streamlined compliance solutions” in describing the partnership as a “significant milestone” in the company's dedication to offering “top-tier investment opportunities.” 21Shares also seems to be using custodian services<\/a> from other companies in addition to Zodia.\u00a0<\/p>\n\n\n\n

The company's website states that it further depends on Coinbase Custody and Copper, a different British cryptocurrency custodian established in 2018 by Dmitry Tokarev, a Russian native. <\/p>\n\n\n\n

The collaboration was announced barely one week after Zodia Custody received money from National Australia Bank<\/a> (NAB), one of the biggest banks in Australia, through its venture capital division, NAB Ventures. <\/p>\n\n\n\n

NAB Ventures managing director Amanda Angelini stressed that the choice to invest in Zodia Custody was made based on a “range of factors including their innovative approach, institution-grade safety, and strong work with regulators,” even if the capital amount was not made public. <\/p>\n\n\n\n

Zodia Custody was established in 2020 by Standard Chartered in collaboration with Northern Trust. Based on information from PitchBook, the company has raised $44 million from five investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Zodia Custody becomes a leading custodian for 21Shares, bringing greater risk controls and regulatory compliance for institutional investors. The custodian provider for 21Shares’ physically backed exchange-traded products (ETPs) in Switzerland will be Zodia Custody, a British cryptocurrency custodian sponsored by Standard Chartered and SBI Holdings. In response to a “continuing sharp increase in ETP demand,” […]<\/p>\n","protected":false},"author":43,"featured_media":82571,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[892,894,1847],"class_list":["post-82570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-21shares","tag-etp","tag-zodia-custody"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/croc_1719353977495.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82570"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82571"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}