Zodia Custody Seeks $50M to Expand Global Crypto Services and Partnerships

Zodia Custody Ltd., a crypto custody firm majority-owned by Standard Chartered, is reportedly aiming to raise around $50 million to fuel its expansion into new regions and broaden its offerings.

CEO Julian Sawyer noted that this additional capital would support the company’s growth and enhance its product lineup.

Currently, Zodia Custody operates across 15 jurisdictions, with offices in major cities such as London, Dublin, Luxembourg, Sydney, Singapore, Hong Kong, and Tokyo. The firm provides secure custody services for over 50 digital assets, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Cardano (ADA).

In addition to Standard Chartered, Zodia’s backers include the National Australia Bank and Northern Trust Corp. Last year, the company secured $36 million from Japan’s SBI Group and is now reportedly seeking to attract a broader range of investors beyond major financial firms.

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In late 2023, Zodia Custody announced a strategic integration with Metaco, a digital asset infrastructure provider owned by Ripple Labs. This partnership allows institutions to leverage Zodia’s secure custody solutions through Metaco’s platform, offering enhanced options for institutional investors looking for compliant, end-to-end digital asset services.

Kostadin Dimitrov