#ZodiaCustody #Metaco #CryptoCustody #Blockchain #DigitalAssets #StandardChartered #Ripple #InstitutionalCrypto
Zodia Custody, backed by Standard Chartered, has recently integrated with Metaco, a firm owned by Ripple. This collaboration aims to streamline institutional cryptocurrency custody services, as reported in a statement on December 4th. Institutions stand to gain access to Zodia Custody’s high-security solutions with all their activities carried out on Metaco’s platform. This will enable these institutions to significantly enhance their security measures, risk management strategies, and overall solvency protection.
The partnership indicates that institutions connected to Metaco’s network, which serves as a preliminary use case for sub-custody networks, can now use Zodia Custody’s bank-grade solutions. This suite of solutions includes off-exchange settlement services, like Interchange. Zodia Custody holds that this collaboration results in a stronger global digital asset infrastructure by improving connectivity to the foundational layers of the blockchain, thus creating a robust settlement network hinged on blockchain technology. With a goal of becoming the most connected custodian in the digital asset ecosystem, Zodia Custody maintains that the partnership is in line with its plans to develop and launch its network in the last quarter of the current year.
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