1 year ago
Standard Chartered-backed Zodia Custody has integrated with Ripple-owned Metaco to streamline organization crypto custody services, according to a Dec. 4 statement.
The integration allows institutions to entree Zodia Custody’s high-security solutions done Metaco’s platform. Institutions tin leverage some platforms to heighten information measures, hazard management, and solvency protection.
The announcement stated that institutions connected to Metaco’s network, serving arsenic an archetypal usage lawsuit for sub-custody networks, tin present leverage Zodia Custody’s bank-grade solutions. This includes entree to off-exchange colony services similar Interchange.
“This collaboration strengthens the planetary integer plus infrastructure by improving connectivity to the foundational Layers 0 and 1 connected the blockchain — creating a robust colony web built connected blockchain rails,” Zodia said.
Zodia Custody stated that the collaboration is portion of its program to go the astir connected custodian successful the integer plus ecosystem. The concern besides furthers its plans to make and motorboat its web during the 4th fourth of this year.
James Harris, Zodia Custody’s main commercialized officer, described the determination arsenic an “important step” to “building [a] genuinely rigorous integer plus infrastructure, globally.” He added that the institution is “focused connected expanding the options disposable to our clients via our fiscal network, frankincense ensuring Zodia Custody tin go a genuinely broad integer plus solutions provider.”
Additionally, Zodia Custody said the collaboration is further grounds of its committedness to keeping its lawsuit assets harmless astatine remainder and successful transit crossed the Interchange network. This includes trades connected to exchanges, transferred assets to institutions aligned connected KYC and AML practices, and utilized arsenic collateral successful protocols to conscionable regulatory requirements.
Adrien Treccani, the laminitis and CEO of Metaco, added:
“As the manufacture undergoes a pivotal transformation, our networked infrastructure is dedicated to standardise, govern and link organization integer plus flows — an indispensable measurement successful forging usage cases that transcend idiosyncratic companies.”
Since its motorboat successful 2020, Zodia Custody has experienced significant growth, expanding its operations into Hong Kong and Singapore, pursuing earlier expansions into Japan and Australia.
The station Standard Chartered-backed Zodia Custody partners with Ripple organization web Metaco appeared archetypal connected CryptoSlate.
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