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Standard Chartered Backed Zodia Custody Launches Wallet, Partners with Galaxy Digital
Zodia Custody, a leading digital asset custodian backed by Standard Chartered, has launched its latest product, Unified Wallets. The product is designed to boost operational efficiency for institutional clients.
Notably, this move comes as the firm partners with Galaxy Digital to expand its custody solutions.
The new wallet feature allows institutions to pool assets and streamline transactions without compromising security, making it a game-changer for digital asset managers.
Unified Wallets: A Significant Leap in Digital Asset Management
Zodia Custody’s Unified Wallets offer a significant leap in digital asset management. The new solution allows institutions and fund managers to pool funds from various clients into individual wallets, simplifying transaction processing.
This innovation reduces costs, ensures smooth transfers, and enhances operational efficiency for businesses dealing with digital assets.
By partnering with financial institutions like Galaxy Digital, the firm positions itself as a leader in the institutional digital asset space.
The Unified Wallets system allows businesses to track deposits in real-time and quickly withdraw assets from a cold wallet, all without sacrificing control or security.
Zodia’s CEO, Julian Sawyer, emphasized that Unified Wallets combine the flexibility of omnibus wallets with the security of segregated assets, making it ideal for optimizing operations in the digital asset sector.
Strengthening Partnership with Galaxy Digital
Zodia Custody’s partnership with Galaxy Digital showcases its dedication to delivering secure and scalable solutions for institutional investors.
As institutional engagement with digital assets grows, custodians like Zodia need to offer solutions that balance operational efficiency with strong security measures.
The company’s clients, like Galaxy, can now enjoy the benefits of Unified Wallets alongside Zodia’s other offerings, such as the unique Interchange service.
This feature allows sophisticated investors to choose their preferred trading venues while benefiting from off-venue settlement for market makers and OTC desks.
Conclusion
Zodia Custody’s launch of Unified Wallets and partnership with Galaxy Digital marks a significant milestone in the digital asset management industry.
With its focus on operational efficiency, security, and scalability, Zodia positions itself as a leading provider of digital asset custody solutions for institutional investors.
Frequently Asked Questions
- What is Zodia Custody’s Unified Wallets product? Zodia’s Unified Wallets is a digital asset management solution that enables institutions to pool assets, streamline transactions, and ensure security.
- Who is Zodia Custody partnering with? Zodia is partnering with Galaxy Digital to expand its custody solutions.
- What are the benefits of Zodia’s Unified Wallets? The benefits include reduced costs, smooth transfers, and enhanced operational efficiency.
- How does Zodia’s Interchange service work? Interchange allows sophisticated investors to choose their preferred trading venues while benefiting from off-venue settlement for market makers and OTC desks.
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