#London #United Kingdom #Bybit #Digital Assets #Zodia Custody

Bybit and Zodia Custody Join Forces

In a significant move for institutional investors, Bybit, the second-largest cryptocurrency exchange globally, has announced a powerful partnership with Zodia Custody. This collaboration aims to enhance security, compliance, and trading efficiency for institutions engaging with digital assets.

The Rise of Institutional Demand

The growing interest in digital assets among institutional investors has created an urgent need for robust security measures and regulatory compliance. In a world where scrutiny is increasing, the demand for a secure trading infrastructure has never been higher. Institutional investors require assurance that their capital is protected and that they can operate within a credible framework that mitigates risks such as centralized control and counterparty risk.

Zodia Custody, backed by institutions like Standard Chartered and Northern Trust, is addressing these challenges head-on with their Interchange solution. This service will provide independent custody service and off-venue settlement options to Bybit's institutional clients, ensuring that assets are securely held and properly segregated to avoid exposure to any exchange-side risks.

Benefits of the Interchange Solution

The Interchange solution offers institutional users several critical advantages:

• - Independent Custody: It ensures that assets remain separate and secure, reducing significant risks associated with co-mingled funds.
• - Off-Venue Settlement: By utilizing off-venue mechanisms, institutions can trade with capital that isn't pre-funded into exchange accounts, thus enhancing operational integrity and capital efficiency.
• - Regulatory Compliance: Zodia Custody operates under highly regulated frameworks, providing institutions with the trust needed to engage confidently with digital asset investments.

Quotes from Key Executives

Julian Sawyer, CEO of Zodia Custody, emphasized the importance of security for institutional clients, stating, "Institutions need more than speed—they need their assets to be held securely, off-exchange, and under their complete control. With this partnership, we are facilitating tailored solutions that prioritize security and capital protection."

Shunyet Jan, Head of Institutional and Derivatives at Bybit, echoed this sentiment, highlighting that the partnership embodies their commitment to providing institutional-grade solutions. He noted, "Our collaboration with Zodia Custody reinforces our dedication to compliance and innovation in the digital asset space. With their established reputation as a regulated custodian, Zodia is the perfect ally for securing our clients' assets while maximizing capital efficiency."

Setting New Standards in Crypto Custody

This strategic alliance between Bybit and Zodia Custody represents a significant shift towards safer, more compliant infrastructure within cryptocurrency markets. It aims to assure institutions that they can now engage in digital asset trading without compromising safety. By facilitating secure and efficient trading solutions, this partnership is set to pave the way for greater institutional adoption of digital assets.

About Zodia Custody

Zodia Custody is a platform focused on institutional clients within the digital asset space. Supported by reputable entities such as Standard Chartered and others, the company combines custody with various operational solutions. Zodia aims to empower institutional investors to leverage the potential of digital assets safely and effectively.

For more information on Zodia Custody, visit Zodia Custody.

About Bybit

Founded in 2018, Bybit is recognized for its transformative role in the cryptocurrency exchange landscape. Supporting over 60 million users worldwide, Bybit is on a mission to bridge traditional finance (TradFi) with decentralized finance (DeFi). Known for its advanced blockchain tools and secure custody solutions, Bybit is committed to facilitating innovative assets for a wider audience.

For more details about Bybit, check out their website Bybit.