Main Points on Zodia Custody and 21Shares Collaboration:
Zodia Custody Becomes Custodian for 21Shares’ Physically Backed ETP Products in Switzerland
Zodia Custody, a British crypto custodian backed by Standard Chartered and SBI Holdings, has been chosen as the custodian provider for 21Shares’ physically backed exchange-traded products (ETPs) in Switzerland. This collaboration signifies a significant milestone for 21Shares in offering top-tier investment opportunities, capitalizing on Zodia’s cold storage infrastructure and compliance solutions.
21Shares’ Use of Multiple Custodian Services
In addition to Zodia, 21Shares also utilizes custodian services from providers like Coinbase Custody and Copper. This diversified approach enhances the security and reliability of 21Shares’ investment products, showcasing the company’s commitment to safe and efficient custody solutions.
Zodia Custody Secures Funding from NAB Ventures
Recently, Zodia Custody received funding from NAB Ventures, the venture capital arm of National Australia Bank. This investment underscores Zodia’s innovative approach, institution-grade safety, and regulatory compliance, further solidifying its position as a trusted custodian in the cryptocurrency market.
