Zodia Custody, the UK-based crypto asset JV between SC Ventures, the ventures and innovation arm of Standard Chartered, and Northern Trust, is now registered with the UK’s Financial Conduct Authority (FCA). The registration means that Zodia Custody can now provide commercial services to clients as a cryptoasset business.
Zodia Custody is one of nine cryptoasset businesses granted FCA registration under the UK’s money laundering regulations and has begun commercial operations following a period of testing. Zodia Custody currently offers custody services for the two most traded cryptoassets, Bitcoin and Ethereum, with plans to expand coverage to more cryptoassets based on client demand.