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StanChart’s Crypto Custody Zodia Obtained Virtual Asset Service Provider License in Luxembourg

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According to Bloomberg, Zodia Custody, a crypto custodian owned by Standard Chartered, has obtained registration as a virtual asset service provider in Luxembourg, thereby expanding its presence into Europe.

Zodia Custody is a crypto custodian that offers institutional-grade services to clients for the safekeeping and management of their digital assets. The company was launched in December 2020 as a joint venture between Standard Chartered Bank and Northern Trust Corporation, two global financial institutions with a significant presence in the banking industry.

Zodia Custody is regulated by the Financial Conduct Authority (FCA) in the UK and has now also obtained registration as a virtual asset service provider in Luxembourg, allowing it to expand its reach into Europe. 

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