Zodia Custody has tapped Fireblocks for direct access to the Fireblocks Network, a global crypto capital markets gateway. The integration will allow Zodia Custody’s institutional clients to directly connect with over 1,000 liquidity partners, trading venues, lending desks, and counterparties for instant transfers, rebalancing, and payments directly from their Zodia Custody wallet.
Registered with the UK’s Financial Conduct Authority (FCA) and as a Money Services Business with FinCEN in the US, Zodia Custody provides a compliant solution for clients to transact with numerous counterparties without the need to exchange wallet addresses. Counterparties on the Fireblocks Network are checked using due-diligence checks by Zodia Custody and Fireblocks, reducing transaction risks associated with unknown or risky counterparties.
Maxime de Guillebon, CEO at Zodia Custody, said in a statement: “This product enhancement in partnership with Fireblocks expands Zodia Custody’s offering even further, while still allowing parties to operate within a secure and compliant environment.”
Stephen Richardson, vice president of Product Strategy and Business Solutions at Fireblocks, said in a statement: “We develop the technology that allows our clients to access digital assets securely and at scale and now Zodia Custody will be able to offer the connectivity and the ability to trade across different liquidity pools and allocate capital across a fragmented market via the Fireblocks Network.”
Zodia Custody is a subsidiary of Standard Chartered in association with Northern Trust, and recently attained its ISO 27001 certification as well as completed the SOC1 Type 1 report.