Zodia Custody Partners with Metaco for Crypto Storage and Settlement
Zodia Custody, an FCA-registered digital asset custodian backed by Standard Chartered and Northern Trust, has joined forces with Metaco, a leading institutional-grade custody firm owned by Ripple. This collaboration allows institutions to easily access secure crypto storage and settlement services.
Julian Sawyer, the CEO of Zodia Custody, mentioned that global banks such as Societe Generale, BNP Paribas, and BBVA have already partnered with Metaco to safeguard and manage crypto assets. This integration expands the reach of Zodia Custody’s institutional crypto custody solutions.
The integration with Metaco’s network enables global sub-custody services, allowing institutions to contract another custodian to hold their assets in different regions. This interconnectedness between custodians, exchanges, and venues ensures compliance in the crypto industry.
Anticipated XRP Price Rally
SC Ventures and SBI Holdings are collaborating on a joint venture that leverages SC Ventures’ expertise in digital assets through initiatives like Zodia Custody and Zodia Markets. Additionally, their investments in fintech companies like Ripple and Metaco contribute to this partnership.
In the past 24 hours, the price of XRP has increased by 3%, currently trading at $0.63. The trading volume has also risen by 100% during this period, indicating growing interest among traders. This price surge aligns with the broader market rally and the increasing adoption of XRP for cross-border transactions and other applications.
Hot Take: Zodia Custody Enhances Institutional Crypto Custody Infrastructure
Zodia Custody’s partnership with Metaco strengthens the infrastructure for institutional crypto custody services. By joining Metaco’s network, Zodia Custody provides institutions with secure storage and settlement solutions, expanding their global reach. The collaboration between SC Ventures, SBI Holdings, Ripple, and Metaco further bolsters this initiative, fostering mainstream adoption of digital assets like XRP. As XRP experiences a price rally and increased trading volume, it reflects the growing interest and confidence in the cryptocurrency market. This development signifies a positive step towards the widespread acceptance and integration of cryptocurrencies within the financial industry.
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