Nationwide Australia Financial institution’s enterprise capital arm, NAB Ventures, has invested in Zodia Custody, a transfer that highlights the rising
acceptance of cryptocurrency options within the conventional banking framework.
Zodia Custody’s Australian Enlargement
Zodia Custody, a platform recognized for its
institution-grade cryptocurrency and digital asset safekeeping, established its
operations in Australia in late 2023. In accordance with Coindek, the precise quantity of
NAB Ventures’ funding stays undisclosed.
Following the funding, Zodia Custody is specializing in
onboarding Australia’s distinctive ecosystem of home-grown digital asset exchanges.
Many of those exchanges are transitioning their belongings to the Zodia platform in
anticipation of stricter regulatory necessities anticipated to be carried out by
2025.
Zodia Custody can also be supported by main monetary
gamers corresponding to Commonplace Chartered, Northern Belief, and SBI Holdings. This
newest transfer is a part of Zodia’s broader technique to turn into the custodian of
alternative for digital asset ETFs awaiting approval from the Australian Securities
Trade (ASX).
Anticipate ongoing adjustments as this story evolves.
This text was written by Jared Kirui at www.financemagnates.com.
