Securities Finance Industry News | Zodia Custody is connected to the Fireblocks network

Zodia Custody has expanded its institutional clients’ access to the Fireblocks Network, a global capital markets gateway for crypto assets.

This allows Zodia Custody’s institutional clients to connect directly to Fireblocks’ network of more than 1000 liquidity providers, lending desks, execution venues and counterparties for payments, transfers and rebalancing directly from their Zodia Custody wallets.

The two service partners, Zodia and Fireblocks, will conduct due diligence reviews of counterparties on the Fireblocks network prior to onboarding Zodia customers.

As a subsidiary of Standard Chartered, Zodia Custody is registered with the UK Financial Conduct Authority and as a money services company with FinCEN in the UK, offering a wide range of cryptoasset services to institutional clients.

Maxime de Guillebon, CEO of Zodia Custody, says: “This product enhancement in partnership with Fireblocks further expands the Zodia Custody offering while still allowing the parties to operate in a secure and compliant environment. We are pleased to have launched this service, which represents a milestone in our goal of providing a comprehensive service offering that meets the entire needs of our customer base.”

Stephen Richardson, VP of Product Strategy and Business Solutions at Fireblocks, comments: “We are developing the technology that will enable our customers to access digital assets securely and at scale, and now Zodia Custody can provide the connectivity and the ability to work with to trade different liquidity across the Fireblocks network and allocate capital across a fragmented market’.

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