NAB Ventures invests in Zodia Custody 19 June 2024Australia Reporter: Jack McRae
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The National Australia Bank’s (NAB) ventures arm has invested in Zodia Custody, building on previous investment from Standard Chartered, Northern Trust and SBI Holdings.
After this investment, a key, immediate priority for Zodia Custody includes onboarding Australia’s ecosystem of home-grown digital asset exchanges. Ahead of anticipated stricter regulatory requirements, many of these exchanges are moving assets onto Zodia Custody’s platform.
Kate Cooper, CEO of Zodia Custody Australia, says: “The investment from NAB is another great endorsement of our mission and vision. But more than that, it signifies a turning point, with institutions and infrastructure providers jointly building the mainstream future of digital assets, without compromise.”
Amanda Angelini, Managing Director at NAB Ventures, adds: “As a trusted financial institution, NAB is focused on ensuring the finance sector continues to provide simple, safe and secure services for Australians. This is particularly important in newer fields where technology continues to evolve quickly.”
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