June 19, 2024
Zodia Custody, a global leader in institutional-first digital asset custody, has revealed an investment from NAB Ventures, the venture capital division of National Australia Bank (NAB). This investment signifies that Zodia Custody now has the financial backing of four major global financial institutions, further strengthening its position following earlier investments from Standard Chartered, Northern Trust, and SBI Holdings.
Project | Latest Raise Date | Stage | Lead Investor | Category |
---|---|---|---|---|
Zodia Custody | June 19, 2024 | Seed | NAB Ventures | FinTech, Bitcoin |
The investment from NAB Ventures demonstrates their belief in the potential of Zodia Custody to provide a secure foundation for the digital asset ecosystem, both in Australia and globally. This investment comes after Zodia Custody set up its operations in Australia in late 2023, as part of its strategy to expand its geographical presence and investment in the APAC region.
Zodia Custody represents a significant advancement not just for the CEO, Kate Cooper, but also for institutions and the Australian digital asset ecosystem. The investment from NAB is a strong endorsement of Zodia Custody's mission and vision. More importantly, it marks a pivotal moment where institutions and infrastructure providers are collaboratively shaping the mainstream future of digital assets, without any compromises.
After the investment, the main immediate objectives involve integrating Australia's distinctive network of domestic digital asset exchanges, a significant number of which are transferring assets to the Zodia Custody platform in anticipation of more rigorous regulatory standards projected to be implemented in 2025. Additionally, Zodia Custody is positioning itself as the preferred custodian for those applying for expected digital asset ETFs that are pending ASX approval.
About Zodia Custody
Zodia Custody is a leading institution-first digital asset custodian. It is owned by Standard Chartered, Northern Trust, and SBI, and provides digital asset custody that enables global institutions, corporations, and professional investors to embrace the digital asset future without compromising on security, standards, and principles. Based in London, Zodia Custody is registered in the UK with the Financial Conduct Authority (FCA), in Ireland with the Central Bank of Ireland (CBI), and in Luxembourg with the Commission de Surveillance du Secteur Financier (CSSF).
Zodia Custody offers a cryptocurrency custody platform that provides storage of cryptocurrencies such as Bitcoin, Ethereum, XRP, Litecoin, and Bitcoin Cash. This enables institutions to invest in emerging assets. The company is designed for institutions and corporate investors and provides client-focused innovation with leading-edge technology, applied within the framework of compliance and governance.
Website: https://zodia.io/
About Investor
Investor: Galaxy Ventures
NAB Ventures is a global initiative that supports entrepreneurs in Australia and abroad in their efforts to build leading technology companies. It is the venture capital arm of the National Australia Bank (NAB), one of the largest 20 banks globally. The partners of NAB Ventures have founded, led, and invested in technology companies for two decades in both Australia and the US.
NAB Ventures invests in innovative technologies and business models that align with NAB’s strategic priorities. It leverages NAB’s core capabilities, driving customer insights and solutions via its deep understanding of customer data along with the inherent bank capabilities of trust, security, and identity management. The firm invests in enterprises that can leverage the bank’s expertise, assets, and market position to drive growth in investee companies.
Location: Australia
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