London, June 30, 2025 – Institutional Precedence Digital Property Platform backed by Zodia Custody, Customary Chartered Ventures, Emirates NBD, Northern Belief, SBI Holdings and Nationwide Financial institution of Australia Ventures right this moment introduced the completion of its acquisition of Tungsten custody resolution, a regulated digital asset supervisor headquartered in Emirates, Arabia.
This follows Zodia Custody’s preliminary announcement of intent to amass Tungsten Custody Options in April. The acquisition will enhance Zodia Custody’s capacity to offer safe digital asset administration companies in jurisdictions thought-about the long run architect of digital finance. Along with supporting geographical enlargement, the transaction has granted tungsten licenses inside ADGM, the worldwide monetary centre in Abu Dhabi, the capital of the United Arab Emirates, from zodiac custody from the globally revered Monetary Providers Regulator (FSRA). Zodia Custody continues to pursue a full digital asset service supplier (VASP) license for Tungsten from the Digital Asset Regulator (VARA) in Dubai primarily based on its preliminary approval certificates from the regulatory authority.
“Zodia Custody’s acquisition of Tungsten displays our lengthy and persevering with dedication to the UAE.” mentioned Dom Longman, the worldwide marketplace for Zodia Custody. “We’re excited to deepen our presence in markets that lead digital asset regulation via significant collaboration and income synergy with firms working underneath that authority. We wish to replicate this kind of relationship throughout the markets we function.”
“From day one, our ambition with Tungsten has been to assist construct a custody platform that meets the very best world requirements, whereas nonetheless deeply rooted within the UAE’s regulatory framework.” mentioned Mohammed Hamdi, managing accomplice of additional ventures. “The acquisition of Zodia Custody is a validation of its imaginative and prescient and is a significant step ahead within the company’s digital asset infrastructure within the area. We’re proud to hitch forces with companions who share future convictions of compliance, safe and borderless finance.”
Abu Dhabi’s main digital asset-focused enterprise capital agency, additional enterprise capital agency has incubated Tungsten since its founding and can be part of Zodia Custody’s Cap Desk as a part of the contract. Additional ventures will deliver deep connections to the UAE funding, innovation and regulatory ecosystem, serving to Zodia Custody proceed to collaborate with native gamers.
Because the digital asset sector mergers and acquisition actions warmth up, the acquisition highlights Zodia Custody’s status as a trusted institutional supervisor, because the market integrates with expertise and reliable suppliers.
About Zodia’s custody
Zodia Custody is the establishment’s first digital asset platform backed by Customary Chartered in reference to Northern Belief, SBI Holdings, Nationwide Australia Financial institution Ventures and Emirates NBD. Zodia Custody permits institutional traders around the globe to appreciate the total future potential of digital property with its custody, the Ministry of Finance, and a mixture of settlement and settlement options. It operates underneath approval granted by the Monetary Conduct Authority, the Central Financial institution of Eire, supervisor du Secteur Financier, and Hong Kong Corporations Registry.
Zodia Custody implements the 5AMLD necessities and applies the identical requirements as customary charters associated to AML, FCC and KYC. Implement the necessities of FATF journey guidelines. Zodia Custody Restricted is registered within the UK with the FCA as a cryptocurrency enterprise underneath Cash Laundering, Terrorist Finance and Fund Switch Rules 2017. Zodia Custody (Eire) Restricted was based in Eire in August 2021. Zodia Custody (Areland) Restricted can be compensated as compensation for the battle towards Cash Laundering and Terrorist Fainning pursuant to Article 7-1(2) of the Act dated November 12, 2004. Zodia Custody (Hong Kong) Restricted is the Cash Laundering and Counterterrorism Financing Ordinance (AMLO), CAP. 615 Concerning detention actions in digital property.
For extra details about Zodia Custody, please go to https://zodia-custody.com/.
Media Contact
Louisa Shepherds
Zodia Custody(E-mail safety)
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