Zodia Custody announces partnerships with ETC Group and DWS Group
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Zodia Custody announces partnerships with ETC Group and DWS Group 04 April 2024UK Reporter: Jack McRae
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Zodia Custody has partnered with ETC Group and DWS Group to provide custody for exchange traded products (ETPs).
The partnership with ETC Group sees the migration of assets from existing ETC Group products to Zodia Custody. This includes the recently launched ETC Group Ethereum Staking ETP (ET32).
Julian Sawyer, CEO of Zodia Custody, explains the partnership with ETC Group: “We have delivered the robust infrastructure needed to move digital assets into the mainstream for institutions — and our partnership with ETC Group shows that work is paying off.”
DWS Group selected Zodia Custody to be its custodian for its ETPs. The digital asset custodian will offer its services for DWS Group’s Xtrackers Galaxy Physical Bitcoin and Ethereum ETPs.
Sam Sadayo, director, Xtrackers product and platform development at DWS Group, says: “With digital asset ETPs capturing the attention of the market, the combination of our education-first approach and partnering with institutional-grade service providers like Zodia provides a compelling offer.”
Zodia Custody will offer DWS Group a cold storage security model, designed to maintain the availability of digital assets at all times and remove them from threats, unnecessary risk or potential loss.
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