Zodia Custody (HK), a leading institution-first provider of digital asset custody solutions backed by Standard Chartered, has been granted a Trust or Company Service Provider (TCSP) License in Hong Kong. Marking a pivotal development for Zodia Custody (HK), it enables the firm to offer comprehensive custody services for digital assets under the TCSP Licensing Regime.
Acquiring the TCSP License is a significant milestone for Zodia Custody (HK) in solidifying the firm’s position as a prominent player in the digital asset custody market in Hong Kong.
As a key geography for the global digital asset ecosystem, this crucial achievement enables Zodia Custody (HK) to cater to the needs of both local and international institutional clients. This includes providing institutions operating in the region with a robust, trusted and regulated platform, as well as infrastructure that complies with TCSP requirements.
Source: Zodia Custody
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
The deal comes as exchange-traded products are making an impact on the global digital asset ecosystem.
-
The success of bitcoin ETFs has underscored the need for a broader range of qualified custodians.
-
Crypto trades have required pre-funding which is an inefficient use of collateral.
-
Institutions can enter the digital asset borrowing and lending market through the Tokenet integration.
-
The digital asset securities custody platform will launch in the first quarter of this year.