Zodia Custody Registers as VASP in Luxembourg

Zodia Custody Achieves VASP Status

Zodia Custody, a crypto asset custodian associated with Standard Chartered, has secured its registration as a Virtual Asset Service Provider (VASP) in Luxembourg. This move marks a significant milestone as Zodia becomes the first custodian partnered with a traditional financial institution to achieve such status in Luxembourg. The registration was sanctioned by the Commission de Surveillance du Secteur Financier (CSSF).

Strategic Advantages in Luxembourg

Luxembourg is recognized as a premier hub for the financial industry, making Zodia's registration a strategic advantage for attracting clients, especially within the fund management sector. The CEO of Zodia Custody, John Cronin, anticipates that the company's presence in Luxembourg will unlock vast opportunities for financial institutions to offer a diverse array of products and services related to crypto assets.

Expanding Operations Across the EU

With its newly acquired status, Zodia Custody plans to expand its operations throughout the European Union. The registration facilitates the provision of comprehensive financial services, including the transfer and administration of crypto assets. This expansion is set to engage a broader ecosystem of investment advisors, depositaries, and legal entities.

Commitment to Financial Institutions

Zodia Custody emphasizes its commitment to meeting the requirements of financial institutions. The company provides cutting-edge technology and bank-level compliance, ensuring robust engagement with the institutional ecosystem in Luxembourg. This approach aims to support institutions as they embark on their crypto asset journeys.

Pioneering Efforts in Ireland

In addition to its achievements in Luxembourg, Zodia Custody is also registered on the Central Bank of Ireland’s VASP Register. This registration highlights Zodia as a pioneer in Ireland, further cementing its status as a leading crypto asset custodian in Europe.

Zodia Custody's strategic registrations in Luxembourg and Ireland position it to significantly influence the crypto asset landscape across the EU, offering enhanced services and compliance for financial institutions venturing into digital assets.