Standard Chartered-backed Zodia Custody offers Unified Wallets for institutional clients, collaborating with Galaxy Digital to improve digital asset management.
Zodia Custody, a prominent digital asset custodian backed by Standard Chartered, has introduced its latest product, Unified Wallets, aimed at enhancing operational efficiency for institutional clients.
This launch comes as the company strengthens its partnership with Galaxy Digital to expand its custody solutions.
The new Unified Wallets feature enables institutions to pool assets and streamline transactions while maintaining security, making it a breakthrough for digital asset managers.
Standard Chartered-Backed Zodia Custody Unveils Unified Wallet
Zodia Custody’s Unified Wallets represent a major advancement in digital asset management.
This solution allows institutions and fund managers to consolidate funds from different clients into single wallets, simplifying the transaction process.
This innovation is set to lower costs, facilitate smooth transfers, and improve efficiency for businesses managing digital assets.
With the support of financial institutions like Galaxy Digital, Zodia is positioning itself as a leader in institutional digital asset management.
The Unified Wallets system also allows businesses to monitor deposits in real-time and easily withdraw assets from cold storage without sacrificing control or security.
Zodia’s CEO, Julian Sawyer, highlighted the significance of this solution, explaining that it combines the flexibility of omnibus wallets with the security of segregated assets, optimizing operations in the digital asset sector.
Notably, Galaxy Digital is the first to adopt this feature, marking a pivotal moment in Zodia Custody’s efforts to enhance digital asset management.
Andrew Taubman, Deputy Chief Operations Officer at Galaxy, praised the partnership, noting that the system improves their trading operations while ensuring top-level security.
Strengthening Ties with Galaxy Digital
Zodia Custody’s collaboration with Galaxy Digital underscores its commitment to delivering secure, scalable solutions for institutional investors.
As institutional interest in digital assets grows, custodians like Zodia are tasked with offering solutions that balance operational efficiency with stringent security measures.
Clients such as Galaxy Digital can now take advantage of Unified Wallets alongside Zodia’s other offerings, including the unique Interchange service.
This feature allows sophisticated investors to select their preferred trading venues while benefiting from off-venue settlement options for market makers and OTC desks.
This approach increases flexibility in trading and settlement processes, granting clients greater control over their assets.
Julian Sawyer emphasized that the rising adoption of Zodia Custody’s solutions demonstrates the platform’s strength.
Moreover, the company has garnered attention from investors seeking secure crypto wallets to store their assets.
Sawyer stressed that Zodia’s products are designed to meet the specific needs of digital asset businesses, offering the flexibility, security, and operational efficiency that today’s institutional investors demand.
