Institutional clients can now access market derivatives liquidity through cryptocurrency exchange Deribit and custodian Zodia Custody while maintaining separate cold wallets.
 In an effort to increase the number of companies who are a part of its Interchange network, Standard Chartered-backed cryptocurrency custody firm Zodia Custody has announced a collaboration deal with cryptocurrency exchange Deribit.
Zodia announced on July 30 that it would incorporate Deribit into its Interchange network, an off-venue settlement option for high-volume and institutional traders, by the terms of the agreement.
According to chief commercial officer James Harris, the partnership gives Zodia Custody’s clients a “distinct market advantage” because the Interchange network “enables seamless trading while keeping assets secure.”
The most recent collaboration strengthened Zodia’s standing in the institutional digital asset custody market only one month after the company obtained funding from Australia’s biggest bank.Â
The custodian obtained further funds from NAB Ventures, the venture capital division of National Australia Bank, one of the biggest financial organizations in Australia, as previously reported.
Zodia Custody now has the backing of four significant global financial organizations in addition to Standard Chartered, Northern Trust, and SBI Holdings, thanks to the bank.
The custodian intends to use the additional funds, as disclosed in the investment round news, to step up its operations in Australia, especially with regard to onboarding local digital asset exchanges in the face of projected legislative changes by 2025.
