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Crypto Custodian Company Zodia Expands into Singapore
In a bid to cater to the surging demand for secure digital asset storage solutions in the Asia-Pacific region, Zodia Custody, a crypto storage provider and subsidiary of Standard Chartered Bank, has made its official entry into the market of Singapore, CNBC reported Tuesday.
With this strategic move, the company has become the first bank-owned corporate entity to offer digital asset custody services to financial institutions in the country.
Safeguarding Digital Wealth for Institutions
According to the report, Zodia’s foray into Singapore aims to address the pressing need for robust and trusted digital asset custody services among institutions operating in the emerging economy. As Singapore’s crypto market continues to flourish, institutions such as hedge funds, high-frequency traders, prime brokers, exchanges, and asset managers are seeking reliable partners to safeguard their digital wealth.
The firm, backed by the
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