21Shares Taps StanChart’s Firm for Crypto ETP Custody in Europe

• Zodia Custody has announced a new partnership.
• The partnership will see the company provide certain services for its client in Europe.
• It follows a recent similar collaboration with Germany’s DWS Group.

Zodia Custody announced Tuesday that it has partnered with 21Shares to provide the asset manager with digital asset custody services in Europe.

Founded by Standard Chartered and Northern Trust, with Japan’s SBI Holdings and National Australia Bank as its backers, Zodia Custody is an FCA-registered firm providing crypto custody services to institutional clients.

Zodia Custody Enlists 21Shares

In a press release dated June 25, Zodia Custody said it has partnered with 21Shares to provide regulatory-compliant custody services for physically backed ETP products in Switzerland and the wider European market.

With the partnership, 21Shares will provide its professional customers with an additional layer of security, protection, and transparency to invest confidently in physically backed ETPs. Institutional investors will benefit from cold-storage wallets and “24/7 instant access” to enable them to move at the market’s speed.

Zodia Custody CEO Julian Sawyer lauded the partnership, noting that it echoed the potential and institutional demand for crypto ETPs “loud and clear.”

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“We’ve listened. That’s why we have partnered with true market leaders in the ETP digital asset space, 21Shares, to deliver a partnership that will have a real impact on the whole ecosystem – without any compromise on security, risk management, or compliance.”

Zodia Custody’s partnership with 21Shares follows a similar collaboration in April with German asset manager DWS Group to provide custody services for the company’s Xtrackers Galaxy Physical Bitcoin and Ethereum ETPs listed on Xetra.

Other players leveraging Zodia Custody’s digital asset services include Marathon Digital Holdings, ETC Group, Polkadot Ecosystem, governments, and law enforcement.

Stay updated on Standard Chartered’s Bitcoin and Ether trading desk:
StanChart Bets Big on Crypto with BTC and Ether Trading Desk

Read about Zodia Custody’s initiative in APAC:
Standard Chartered’s Zodia Custody Boosts APAC Reach with Hong Kong