Zodia Custody

What Zodia Custody does

Zodia Custody is a London-headquartered institutional digital asset custodian founded in 2020 by Standard Chartered and Northern Trust, serving banks, asset managers, hedge funds, crypto-native firms, governments, and enterprise corporates across 15+ jurisdictions. The company provides air-gapped cold wallet custody with HSM-based key management, supporting 75+ crypto assets and offering 24/7 instant withdrawals without human intervention. Its modular platform extends beyond core custody into staking (via partners including Blockdaemon, Twinstake, Figment, Kiln, Marinade), an off-venue settlement network (Interchange) connecting to venues such as Deribit, BitMEX, LMAX Digital, Bybit, and Hidden Road, an asset-swap product (Switch powered by LMAX), a discretionary stablecoin rewards programme (up to 500+ bps), Canton Network validator infrastructure, and a white-label platform (Zodia Solutions) enabling banks to launch branded digital asset services.

The company operates through regulated entities in the UK (FCA, FRN 928347), Luxembourg (CSSF MiCA CASP, N00000006; CSSF Payment Institution licence), Hong Kong (TCSP, TC009245), and Abu Dhabi (FSRA, 220129), with additional offices in Dublin, Sydney, Singapore, and Tokyo. Certifications include SOC 1 Type II, SOC 2 Type I, and ISO 27001:2022. Revenue is generated through subscription-based custody fees, staking service fees, Interchange transaction fees, Rewards programme economics, and white-label infrastructure licensing, with custom enterprise pricing tied to assets under custody. Named institutional clients include Invesco, DWS Group, 21Shares, Bitwise, CoinShares, Brevan Howard, Marathon Digital Holdings, Dubai Insurance, PwC UK, Forteus Investment Management, Polkadot Capital Group, and Re7 Capital.

Shareholders include Standard Chartered (majority, via SC Ventures), Northern Trust, SBI Holdings, National Australia Bank (via NAB Ventures), and Emirates NBD. In May 2026, Standard Chartered announced a non-binding offer to fully acquire Zodia Custody's custody business for approximately $36 million, with completion targeted by end of August 2026; the technology infrastructure business will spin out as a standalone Zodia Solutions entity backed by the remaining banking shareholders.

Name

Zodia Custody

Legal name

Zodia Custody Limited

Website

https://zodia-custody.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

Zodia Custody is a London-headquartered institutional digital asset custodian, majority-owned by Standard Chartered, that provides bank-grade cold wallet custody, staking, off-venue settlement, and white-label infrastructure to banks, asset managers, hedge funds, and enterprises across 15+ jurisdictions.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Digital Asset Custody Fees: Annual or tiered fees for institutional-grade digital asset custody services. Fees are waived for eligible token balances enrolled in the Zodia Rewards programme.
2. Staking Services: Fees from facilitating institutional staking across multiple proof-of-stake networks through vetted staking partners including Blockdaemon, Twinstake, Figment, Marinade, Kiln, and others.
3. Interchange Settlement Network: Fees from off-venue settlement services connecting institutional clients to vetted trading venues, brokers, OTC desks, and financing partners across major digital asset classes.
4. Rewards Programme: Discretionary rewards programme where clients earn tiered rewards (up to 500+ bps) on eligible stablecoin holdings, creating potential fee revenue from participating token issuers and network economics.
5. Zodia Solutions (White-label): White-label infrastructure and advisory services enabling financial institutions to launch digital asset custody under their own brand. Revenue from infrastructure deployment, API access, and professional services.
6. Collateral Protect: Peer-to-peer loan management with Zodia Custody's security practices, enabling institutional clients to access collateralized lending while assets remain in secure custody.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Zodia Custody provides institutional-grade digital asset custody for corporations, asset managers, hedge funds, banks, and government entities. The platform stores private keys in Hardware Security Modules (HSMs) within air-gapped cold wallets while enabling 24/7 instant withdrawals, supports 75+ crypto assets, and offers adjacent services including off-venue settlement (Interchange), staking, white-label infrastructure (Solutions), asset swaps (Switch), stablecoin rewards, and a curated ecosystem of third-party services (Gateway).

Product overview

Zodia Custody is an institutional digital asset custody platform offering a modular portfolio of products. The core offering is Custody, providing air-gapped cold wallet storage with 24/7 instant availability and HSM-based key management. This is augmented by complementary modules including Staking (via vetted partners like Blockdaemon and Figment), Rewards (discretionary incentive programme offering up to 500+ bps on stablecoins), Pectra Staking (Ethereum upgrade support), and Interchange (off-venue settlement network connecting to venues like Deribit, BitMEX, and LMAX Digital). Switch enables direct asset swaps from custody via LMAX. Gateway provides a curated marketplace of third-party services (staking, yield, collateral) through ecosystem partners. Solutions offers white-label infrastructure for financial institutions to launch their own branded digital asset services. Canton provides network support including Canton Coin custody and validator services. The platform covers 75+ crypto assets and operates across UK, Europe, Luxembourg, UAE, Australia, Singapore, and Hong Kong.

Differentiator

Problem solved

Functional benefit

Brands

• Zodia Solutions: White-label digital asset custody technology and infrastructure platform enabling financial institutions to design, deliver and grow their own digital asset services.
• Interchange
• Rewards
• Switch
• Tungsten

Products and services

• Custody Institutional-grade digital asset custody solution with air-gapped cold wallet storage, 24/7 instant availability, HSM-based key management, fully segregated client wallets, and comprehensive insurance coverage; supports 75+ crypto assets.
• Zodia Solutions White-label digital asset infrastructure platform enabling financial institutions to design, deliver, and grow their own branded digital asset custody and related services using Zodia's bank-grade technology stack deployed within their environment.
• Gateway Curated marketplace of third-party digital asset services including staking, yield, prime services, and collateral protection, accessible directly from Zodia custody wallets through vetted ecosystem partners.
• Interchange Institutional settlement network enabling clients to trade, borrow, lend, and deploy digital assets across multiple venues without removing assets from secure custody until the point of settlement, reducing counterparty risk.
• Zodia Switch Asset swap functionality enabling institutions to initiate direct asset-to-asset swaps from custody wallets using blockchain order entry with near-instant on-chain settlement (~24 seconds), powered by LMAX Group liquidity.
• Institutional Staking Institutional-grade staking service enabling clients to earn rewards on digital asset holdings directly from segregated custody wallets through vetted staking partners including Blockdaemon, Twinstake, Figment, Kiln, and Marinade, with slashing insurance protection.
• Zodia Rewards Discretionary incentive programme offering zero-fee custody on eligible stablecoin balances and potential monthly rewards up to 500+ bps on supported tokens including USDC, USDe, USDtb, and USDG.

Quantifiable outcome

• 24/7 instant withdrawals from air-gapped cold storage
• +4 more outcomes

Named customers14 records

Segments7 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration24 records

Feature8 records

Partnerships

25 partnerships are on record, tiered core and major.

• Tempo Network (Stripe/Paradigm)coreStrategic or Co-development Partner · 14 April 2026Zodia Custody is one of the first external validators on Tempo blockchain alongside Visa and Stripe. Tempo is an Ethereum-compatible Layer 1 blockchain for high-throughput stablecoin settlement and institutional payments.
• VisacoreStrategic or Co-development Partner · 14 April 2026Visa launched validator node on Tempo blockchain as anchor validator alongside Stripe and Zodia Custody. All three serve as first external validators on Tempo's payments blockchain network.
• StripecoreStrategic or Co-development Partner · 14 April 2026Stripe incubated Tempo blockchain with Paradigm, and Zodia Custody joined as one of the first external validators on the network designed for agentic commerce and real-time payments.
• Re7 CapitalmajorStrategic or Co-development Partner · 9 April 2026Re7 Capital partnered with Zodia Custody for custody and off-exchange settlement services, with custody infrastructure supporting transparent on-chain representations of BTC yield and market-neutral strategies. Re7 Capital has ~$1 billion deployed in DeFi.
• PwC UKmajorImplementation/ SI/ Consulting Partner · 1 April 2026Zodia Custody collaborates with PwC UK to provide digital asset custody for insolvency services, acting as custodian on PwC UK's insolvency cases involving digital assets.
• Programmable Credit Protocol (PCP)coreStrategic or Co-development Partner · 17 March 2026Partnership integrates PCP's credit-orchestration infrastructure into Zodia Solutions platform, enabling secured digital and tokenized asset lending for institutional clients. Zodia is only custodian in PCP's pilot with Canton Network Foundation.
• Apex Group / European Depositary BankmajorStrategic or Co-development Partner · 1 March 2026Apex Group plans to expand digital asset servicing capabilities through collaboration between European Depositary Bank and Zodia Custody.
• Deloitte TaiwanmajorImplementation/ SI/ Consulting Partner · 1 March 2026Partnership responds to expansion of global digital asset market and Taiwan's evolving regulatory landscape including upcoming Virtual Asset Service Act, to build digital asset ecosystem.
• LMAX GroupcoreTechnology or Integration · 1 February 2026LMAX provides institutional-grade liquidity and transparent pricing for Zodia Switch asset swap functionality. Built in partnership with LMAX, Switch enables institutions to initiate asset-to-asset swaps directly from custody wallets using blockchain order entry with near-instant settlement (~24 seconds).
• Dubai InsurancemajorStrategic or Co-development Partner · 28 January 2026Dubai Insurance launched first crypto-enabled digital wallet in UAE insurance sector in partnership with Zodia Custody, enabling policyholders to pay premiums and receive claims in digital assets.
• MacropodmajorTechnology or Integration · 13 January 2026Zodia Custody became first global custodian to support AUDM, Australian dollar-backed stablecoin issued by Macropod (Australia's first licensed stablecoin issuer), supporting Australia's digital asset ecosystem development.
• Polkadot Capital GroupmajorStrategic or Co-development Partner · 4 December 2025Strategic partnership enhances institutional access to digital assets within Polkadot ecosystem, focusing on security and regulatory compliance with custody infrastructure for large-scale institutional participation.
• Canton NetworkcoreStrategic or Co-development Partner · 1 September 2025Zodia Custody is first bank-backed custodian to support Canton Coin (CC), operate validator infrastructure on Canton, and join Canton Foundation as member shaping its governance. Network of networks for financial institutions.
• BybitmajorTechnology or Integration · 1 April 2025Bybit and Zodia Custody partnership enhances asset security through Interchange solution offering institutional clients independent custody and off-venue settlement.
• TwinstakecoreTechnology or Integration · 1 February 2025Twinstake is Zodia Custody's institutional staking partner for Ethereum Pectra staking, providing validator infrastructure with full disaster recovery and geographic distribution.
• EthenamajorTechnology or Integration · 1 February 2025Partnership to drive institutional adoption of stablecoins, offering clients opportunity to maximise capital efficiency through reward opportunities on USDe and other Ethena tokens.
• FigmentmajorTechnology or Integration · 1 January 2025Figment partnership expands Zodia Custody's staking services to offer greater optionality for institutions seeking to earn rewards from digital asset holdings through Gateway.
• KilnmajorTechnology or Integration · 1 January 2025Kiln joins Zodia Custody Gateway, expanding institutional staking services to major proof-of-stake blockchains with institutional-grade infrastructure.
• Marinade FinancemajorTechnology or Integration · 1 September 2024Partnership enables institutional clients to access Solana staking opportunities through Zodia Custody Gateway, expanding staking options for crypto-native strategies.
• BitMEXmajorTechnology or Integration · 1 July 2024BitMEX joined Zodia Custody's Interchange off-venue settlement network in Q1 2026, enabling institutional clients to trade derivatives while maintaining assets in cold storage through collateral locking and asset mirroring.
• LMAX DigitalcoreTechnology or Integration · 1 July 2024LMAX Digital partners with Zodia Custody to provide institutional-grade trading and custody solutions, with separation of exchange execution from custody, clearing and settlement functions.
• DeribitmajorTechnology or Integration · 1 July 2024Deribit became a member of Zodia Custody's Interchange network, enabling Zodia wallet holders to access leading derivatives exchange via Interchange.
• BlockdaemoncoreTechnology or Integration · 1 July 2024Blockdaemon is Zodia Custody's institutional staking partner providing secure validator infrastructure. Partnership enables clients to participate in staking activity from segregated custody wallets with slashing insurance protection.
• Hidden RoadmajorTechnology or Integration · 1 July 2024Partnership enables institutional clients to access prime brokerage services alongside custody from single secure provider via Zodia Custody's Interchange solution.
• BlockFillsmajorTechnology or Integration · 1 July 2024Partnership designates BlockFills as trusted component for institutions requiring regulated custody and higher levels of regulatory compliance in digital market access.

Scale indicators9 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Coinbase Custody: Coinbase Custody Trust is one of the largest institutional digital asset custodians globally, offering cold storage custody, segregated accounts, and insurance coverage for institutional clients including hedge funds, asset managers, and corporates. It is the most direct competitor to Zodia in the institutional custody category, though Zodia differentiates through its bank-backed positioning and European regulatory footprint.
• BitGo: BitGo is a regulated institutional digital asset custodian and qualified custodian offering hot, cold, and warm wallet infrastructure with insurance coverage. It directly competes with Zodia across custody, staking, and trading/settlement services, and is among the most established non-bank institutional custodians serving similar asset manager, hedge fund, and corporate clients.
• Anchorage Digital: Anchorage Digital is a US federally chartered digital asset bank providing institutional custody, staking, and settlement services. It directly competes with Zodia in regulated institutional custody and staking, with Anchorage holding an OCC trust charter giving it a distinct US regulatory edge.
• Fireblocks: Fireblocks provides a digital asset custody and operations platform with MPC-based key management, settlement, and staking infrastructure for institutional clients. It is a direct competitor to Zodia on the technology/infrastructure layer, particularly for banks and fintechs seeking custody-as-a-service integrations similar to Zodia Solutions.
• Hex Trust: Hex Trust is an institutional digital asset custodian operating across APAC, with a focus on regulated custody, staking, and tokenization services for banks, asset managers, and corporates. It directly competes with Zodia across APAC markets and offers a similar modular product portfolio including custody, staking, and DeFi access.
• Sygnum Bank: Sygnum is a Swiss-regulated digital asset bank offering institutional custody, trading, lending, and tokenization services to professional and institutional clients. It directly competes with Zodia in the regulated European institutional custody market, particularly for banks and asset managers seeking bank-grade digital asset services.
• Gemini Trust Company: Gemini operates a New York-regulated trust company providing institutional digital asset custody, with insurance coverage and segregated cold storage. It directly competes with Zodia for hedge fund and asset manager mandates in the institutional custody segment.

Broad incumbents

• Fidelity Digital Assets: Fidelity Digital Assets is the digital asset arm of Fidelity Investments, offering institutional custody and trading services primarily for Bitcoin and Ethereum to hedge funds, family offices, and asset managers. As a subsidiary of one of the largest asset managers globally, it is a broad incumbent competitor with deep distribution rather than a focused custody specialist.
• BNY Mellon: BNY Mellon is one of the world's largest traditional custodians and has expanded into digital asset custody through partnerships and internal builds. As a broad incumbent, BNY Mellon is both a potential competitor and partner to Zodia, particularly for traditional asset managers seeking regulated digital asset services under existing custody relationships.

Others

• Standard Chartered (Zodia parent and acquirer): Standard Chartered is the majority shareholder and agreed acquirer of Zodia Custody, providing banking infrastructure, regulatory credibility, and client referrals. While not a direct competitor, Standard Chartered's own digital asset initiatives and SC Ventures portfolio intersect with Zodia's operations and represent both the source of much of Zodia's distribution and its post-acquisition home.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ZodiaCustody
• LinkedInlinkedin.com/company/zodiacustody

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zodia Custody