3 April 2025 - Zodia Custody , the institutional-first digital asset platform backed by Standard Chartered Bank, Northern Trust Company, SBI Holdings, National Australia Bank and Emirates NBD, and Bybit , the world’s second-largest cryptocurrency exchange by trading volume, have officially entered into a partnership to provide secure, segregated custody and over-the-counter settlement services to Bybit’s institutional clients.
When engaging in the digital asset space, institutional investors need the assurance of regulatory compliance and strong security measures to protect their capital. As the demands on the industry continue to increase, the market is correspondingly looking forward to more reliable infrastructure to address potential risk points of settlement within exchanges, including centralized control and counterparty risk.
Zodia Custodys Interchange solution is built on a regulatory-grade infrastructure, providing independent asset custody for the above security issues. Through Interchange, institutional users can immediately deploy funds for trading on Bybit, while their assets are still safely stored in Zodia Custody - ensuring complete isolation, zero mixing, and significantly reducing exchange risk exposure. This design neutralizes counterparty risk, and users no longer need to pre-fund exchange accounts, improving capital efficiency and operational integrity.
This collaboration raises the bar for security and compliance in the digital asset trading space, allowing institutional clients to use Bybit’s best-in-class trading infrastructure while enjoying the security of Zodia Custody’s over-the-counter settlement.
Julian Sawyer, CEO of Zodia Custody, commented: “Institutional clients need more than just speed – they need to know their assets are securely held off-exchange and under their full control. As leading institutions in the industry, Zodia Custody and Bybit have a shared responsibility to provide tailored solutions that increase security and protect capital for the institutions using our services. That’s exactly what we’re delivering with this partnership. Through Interchange, we’re helping Bybit’s clients unlock trading liquidity without compromising custody standards, counterparty risk or capital efficiency. This is custody and settlement built for institutions, not retrofitted for crypto.”
Shunyen Jan, Head of Institutional and Derivatives at Bybit, added: “At Bybit, our mission is to provide institutional-grade solutions that meet the evolving needs of sophisticated investors. Our partnership with Zodia Custody underscores our commitment to compliance, security, and innovation in the digital asset space. Zodia Custody’s reputation as a trusted, highly regulated custodian makes it an ideal partner to safeguard our clients’ assets while improving capital efficiency. Together, we are setting new standards to drive institutional inclusion in digital assets.”
Zodia Custody is SOC 1 Type I and II certified and built from the ground up for institutions, serving regulated financial institutions, government agencies, crypto platforms and hedge funds in select markets around the world, delivering trust, transparency and uncompromising security at scale.
The collaboration marks a decisive shift in the crypto market toward a secure, compliant infrastructure — allowing institutions to operate efficiently without sacrificing security.
About Zodia Custody
Zodia Custody is an institutional-first digital asset platform backed by Standard Chartered Bank, in association with Northern Trust Company, SBI Holdings, National Australia Bank and Emirates NBD. By combining its custody, treasury and settlement solutions with advisory and middle office operations, Zodia Custody enables global institutional investors to realize the full potential of the digital asset future simply, securely and without compromise. It operates under authorizations granted by the Financial Conduct Authority, the Central Bank of Ireland, the Commission de Surveillance du Secteur Financier in Luxembourg and the Hong Kong Companies Registry.
Zodia Custody implements the requirements of the Fifth Anti-Money Laundering Directive and applies the same anti-money laundering, financial crime compliance and know-your-customer standards as Standard Chartered Bank. It has implemented the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the Financial Conduct Authority as a Crypto-Asset Business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended. Zodia Custody (Ireland) Limited was incorporated in Ireland in August 2021. Zodia Custody (Ireland) Limited is registered in Luxembourg with the CSSF as a Virtual Asset Service Provider pursuant to article 7-1 (2) of the Law of 12 November 2004 on combating money laundering and terrorist financing. Zodia Custody (Hong Kong) Limited is registered with the Trust and Company Service Providers Registry under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (“AMLO”) for its digital asset custody activities with license number TC 009245.
For more information about Zodia Custody, please visit: https://zodia-custody.com/
About Bybit
Bybit is the worlds second largest cryptocurrency exchange by trading volume, with more than 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. Bybit focuses on Web3, strategically partnering with leading blockchain protocols to provide powerful infrastructure and drive on-chain innovation. Known for its secure custodial services, diverse marketplace, intuitive user experience, and advanced blockchain tools, Bybit builds a bridge between the worlds of traditional and decentralized finance, enabling builders, creators, and enthusiasts to unlock the full potential of Web3. Visit Bybit.com to explore the future of decentralized finance.
For more details about Bybit, please visit Bybit Press
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