Zodia Custody Collaborates with Metaco to Establish a Global Institutional Network for Digital Asset Custody

Introduction To Joint Collaboration

Zodia Custody, primarily owned by the global banking giant Standard Chartered, holds a prominent position in institutional digital asset custody. The integration with Metaco, a digital asset infrastructure technology provider owned by FinTech firm Ripple, is designed to establish a global network for institutions, enhancing access to Zodia Custody’s bank-grade custody solutions.

Overview of Ripple’s Acquisition of Metaco

Ripple’s acquisition of Metaco marked a significant step in Ripple’s expansion into the crypto custody market. The acquisition aligns with Ripple’s strategy to provide comprehensive enterprise solutions for the custody, issuance, and settlement of tokenized assets.

Implications of the Partnership for Institutional Investors

The partnership aims to expand networked options for institutional investors, allowing secure, reliable, and compliant digital asset services. The integration strengthens the global digital asset infrastructure, enhancing connectivity to foundational blockchains and creating a robust settlement network based on distributed ledgers.

Benefits for Institutions

Institutions connected to Metaco’s network can gain from Zodia Custody’s Interchange offering, providing an extra layer of security and risk management. They can leverage the network’s interoperability standards for diverse digital asset strategies.

Zodia Custody’s Future Plans and Goals

Zodia Custody has plans to develop and launch its network in Q4 2023, aiming to become the most connected custodian in the digital asset ecosystem. The collaboration reinforces Zodia Custody’s commitment to client asset safety, both at rest and in transit, across the Interchange network.

Metaco’s Vision Under Ripple’s Leadership

Metaco is committed to providing interoperable, open infrastructure that enables institutions to create innovative, value-added services under Ripple’s leadership, setting the benchmark for the future of digital asset ecosystems.

Hot Take: Networking of Custodial Services marks the evolution stage

Through the joint collaboration of Zodia Custody and Metaco under Ripple’s leadership, a robust global digital asset network is in the pipeline, ushering a new era in the evolution of digital asset infrastructure. Such integrations are envisioned to pave the way for convenient and secure access to institutional-grade digital asset management services for clients globally.