Standard Chartered's Zodia to Offer Crypto Brokerage to Institutional Investors in Ireland: Report

Standard Chartered's joint venture with Northern Trust, Zodia Custody, was launched in December.

Aug 9, 2021 at 12:11 p.m. UTC
Updated Sep 14, 2021 at 1:37 p.m. UTC

Standard Chartered is set to offer crypto brokerage services to institutional investors through its Zodia Custody service.

  • Zodia Custody plans to offer its brokerage service to institutional investors in Ireland, according to a report Sunday by the Irish Independent.
  • The exchange and brokerage service was established as a joint venture between Standard Chartered and wealth-management firm Northern Trust in December.
  • The firms said at the time that Zodia would provide crypto custody services for bitcoin and ethereum initially with litecoin, bitcoin cash and XRP added later.
  • In the U.K., Zodia is one of eight firms to have won registration from the Financial Conduct Authorities authorizing it to offer crypto custody and brokerage services under anti-money laundering and terrorist financing regulations.

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