• Zodia Custody (HK) has a Belief or Firm Service Supplier (TCSP) license.
• The Customary Chartered-backed digital asset custody platform supplies regulated providers to institutional shoppers.

Zodia Custody (HK), a cryptocurrency custody options supplier, has been awarded a Belief or Firm Service Supplier (TCSP) license.

The license will allow the Customary Chartered-backed digital asset custody supplier to serve the Hong Kong market, based on particulars in an organization information report.

He added that this pivotal milestone permits Zodia Custody (HK) to consolidate its place within the cryptocurrency area.

Zodia Custody targets the Hong Kong market

Zodia Custody has focused the Hong Kong market because the area seeks to strengthen its international place as a digital asset hub. Varied initiatives embody selling correct licensing for crypto firms and pursuing a reported spot Ethereum c exchange-traded fund (ETF).

firm not too long ago appointed One among Cal Chan's objectives as CEO is to spearhead the adoption of digital property within the area.

“Hong Kong shouldn’t be solely a serious hub for digital property in Asia, but in addition a world chief in charting the trail to mainstream adoption,” Chan stated on the time. Chan added that crypto platforms will leverage their bank-backed custom in regulatory and institutional objectives.

Zodia Custody can be licensed in Hong Kong and can serve home and worldwide institutional prospects. The aim is to supply a regulated platform whose infrastructure and merchandise adjust to TCSP necessities.

Final December, Zodia Custody built-in with Metaco, a crypto storage supplier owned by Ripple. This integration allows international sub-custody, much like the usage of custody suppliers in conventional banking ecosystems.