Standard Chartered-Backed Crypto Custody Zodia Launches in Hong Kong Zodia Custody, the crypto security firm owned by British banking giant Standard Chartered,
is expanding its services to Hong Kong. Zodia Custody’s foray into Hong Kong marks its latest stride into the Asia-Pacific region after announcing plans to expand into Singapore last month.
Established in 2020, Zodia Custody specializes
in providing robust crypto storage solutions to financial institutions, ensuring the safety and security of their digital assets.
The CEO of Zodia, Julian Sawyer,
told CNBC that Hong Kong presents a unique landscape where the demand for cryptocurrency services is predominantly driven by institutional players rather than retail customers.
Julian Sawyer emphasized
Hong Kong’s progressive stance toward digital assets, noting that both the Hong Kong government and regulators
view digital assets as the future and are keen on positioning Hong Kong as a thriving hub in this burgeoning industry.
Zodia’s expansion into Hong Kong
is part of a broader strategy to establish a strong presence across the Asia-Pacific region.
