Zodia Custody, a digital asset custodian backed by main banks, has secured an fairness stake funding from NAB Ventures, the enterprise arm of Nationwide Australia Financial institution (NAB). The sum was not disclosed.
This funding sees NAB becoming a member of Zodia Custody‘s different main monetary backers reminiscent of Customary Chartered, Northern Belief, and SBI Holdings.
NAB Ventures’ involvement underscores the potential Zodia Custody holds in offering a safe basis for the digital asset ecosystem each in Australia and globally.
This follows Zodia Custody’s institution of Australian operations in late 2023, marking a strategic growth into the APAC area.
With this funding, Zodia Custody goals to onboard Australian digital asset exchanges, lots of whom are shifting property onto the Zodia Custody platform in preparation for stricter regulatory necessities anticipated in 2025.
The custodian can also be positioning itself as the popular selection for candidates of potential digital asset ETFs awaiting approval from the Australian Securities Alternate (ASX).
Julian Sawyer
“Incoming laws will considerably change the panorama, just like what we now have seen in Hong Kong and Japan. This possible consists of the segregation of property, and necessities to carry them in chilly storage — areas we’re already method forward of the curve on, having constructed our custody mannequin on these ideas whereas making certain real-time entry to maneuver on the velocity of the market and the very best ranges of safety.
Mixed with the prospect of digital asset ETFs, Australia is ready to enter an unprecedented interval of innovation and adoption. We’re right here and able to help establishments on that journey.”
stated Julian Sawyer, CEO, Zodia Custody.
Amanda Angelini
“As a trusted monetary establishment, NAB is concentrated on making certain the finance sector continues to offer easy, secure and safe companies for Australians. That is significantly necessary in newer fields the place know-how continues to evolve shortly.
NAB Enterprise’s funding in Zodia was primarily based on a variety of things together with their modern method, institution-grade security and robust work with regulators. We look ahead to seeing Zodia Custody drive additional innovation within the digital property house.”
stated Amanda Angelini, Managing Director, NAB Ventures.
