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Zodia Custody Expands Business in Europe

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It is reported that Zodia Custody, a cryptocurrency custodian under Standard Chartered Bank, has registered as a virtual asset service provider in Luxembourg, e

Zodia Custody Expands Business in Europe

It is reported that Zodia Custody, a cryptocurrency custodian under Standard Chartered Bank, has registered as a virtual asset service provider in Luxembourg, expanding its business scope to Europe.

Zodia Custody, the cryptocurrency custodian, has been registered as a virtual asset service provider in Luxembourg

Analysis based on this information:


Zodia Custody, a cryptocurrency custodian under Standard Chartered Bank, has expanded its business operations to Europe by registering as a virtual asset service provider in Luxembourg. This move has resulted in an increase in Zodia Custody’s business scope, allowing it to offer custody services to institutional investors and high net worth individuals in Europe.

Cryptocurrency custodians are responsible for storing and managing digital assets on behalf of clients, offering a secure and trusted storage solution for individuals and institutions. As an increasing number of institutional investors and asset managers have allocated more capital into crypto investments, the demand for reliable and secure storage solutions has grown. Zodia Custody has been able to meet this demand by offering a range of services, including cold storage, network segregation, and transaction monitoring, designed to ensure clients’ assets are secure and safe.

To expand its operations to Europe, Zodia Custody had to comply with Luxembourg’s strict regulations governing virtual asset service providers (VASPs). Luxembourg has established itself as a leading financial hub in Europe, with a reputation for strict regulatory oversight, a favorable tax environment, and a business-friendly approach. By registering as a VASP in Luxembourg, Zodia Custody can offer its services to clients based in Europe and further strengthen its position as a leading custodian in the digital asset space.

This move is a clear indication of the growing demand for secure and reliable storage solutions for cryptocurrency assets and the importance of expanding services globally. It also underscores the role that cryptocurrency custodians play in the rapidly evolving digital asset landscape, with institutions seeking professional and trustworthy custody solutions.

In summary, Zodia Custody’s expansion into Europe is a significant move, reflecting the growing demand for trustworthy and reliable custody solutions in the digital asset space. As more institutional investors allocate funds towards cryptocurrency investments, secure storage solutions are critical to ensure assets are protected from theft and fraud. By registering as a VASP in Luxembourg, Zodia Custody has taken a crucial step towards meeting this demand, enabling clients across Europe to benefit from its security services.

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