21Shares partners with Zodia Custody, backed by Standard Chartered, to store cryptocurrency

Exciting News: Zodia Custody Partners with 21Shares in Switzerland!

Thrilling news in the crypto world as Zodia Custody, a leading British custodian, joins forces with 21Shares to provide custody services for physically backed exchange-traded products (ETPs) in Switzerland.

As announced on their blog, Zodia Custody is set to offer custody services for ETP products in Switzerland and beyond, in response to the rising demand for ETPs in the market.

Mandy Chiu, the head of financial product development at 21Shares, expressed excitement over the partnership, describing it as a significant step towards offering top-tier investment opportunities. She praised Zodia’s cold storage infrastructure and efficient compliance solutions.

Aside from Zodia, 21Shares also utilizes custody services from other providers. The company’s website reveals partnerships with Coinbase Custody and Copper, demonstrating a commitment to secure and reliable custodian services.

Ailtra enthusiasts are eagerly waiting to hear more details about this collaboration. Stay tuned for updates as we reach out to 21Shares to clarify their current custodian service providers.

This exciting partnership follows Zodia Custody’s recent funding from NAB Ventures, a venture capital arm of National Australia Bank. The investment decision was driven by Zodia’s innovative approach, top-level security measures, and strong relationships with regulators.

Established in 2020 by Standard Chartered and Northern Trust, Zodia Custody has garnered $44 million in funding from five investors, according to PitchBook data.

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