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Zodia Custody has announced its expansion to Hong Kong, one of the leading financial hubs in Asia. Zodia Custody is a regulated platform that provides secure storage and transfer of cryptocurrencies. The move comes as the demand for crypto-related services grows among institutional investors in the region. The platform aims to bridge the gap between traditional finance and the emerging crypto space by offering institutional-grade solutions that comply with global standards and regulations. Zodia Custody was one of the first crypto custody services to obtain a license from the U.K.’s Financial Conduct Authority (FCA) in 2022. The company also plans to expand its presence in other jurisdictions, such as Singapore, Switzerland, and the U.S., shortly. You might also like: Standard Chartered-backed Zodia gains Irelands’s Nod for EU crypto services Zodia Custody’s launch in Hong Kong comes amid a growing interest in crypto assets among institutional investors, such ...

Standard Chartered-backed Zodia Markets has received in-principle approval from the Abu Dhabi Global Market [ADGM] to operate as an OTC crypto broker-dealer in the region. According to the official guidelines, the in-principle level marks the third step in the five-stage application process. Thus, the company will next have to get final approval and then go through an operational launch test. Loading… Twitter embed code generator Also Read: 70% Vs. 500%: Warren Buffet’s Berkshire Underperforms Bitcoin Salem Mohammed Al Darei, CEO of ADGM Authority, asserted that the latest development will help bolster the attractiveness of the region as a preferred destination for global entities. In fact, the crypto-friendly nature of Abu Dhabi has been a boon for firms like Zodia that have been looking to fortify their presence in the Middle East. Zodia’s Chief Executive, Usman Ahmad, told The Financial News, “Since Standard Chartered was one of the early mo...