21Shares partners with Zodia Custody 25 June 2024UK Reporter: Klea Neza
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Zodia Custody has partnered with one of the largest exchange traded products (ETP) issuers, 21Shares, with an objective to provide custody services for physically-backed ETPs in Switzerland and the wider European market.
Through this partnership, 21Shares aims to provide an additional layer of security, protection, regulatory compliance and transparency to its physically-backed ETPs for its investors.
The companies say institutions using 21Shares for ETP investments will also benefit from cold-storage wallets, coupled with 24/7 instant access.
Julian Sawyer, CEO of Zodia Custody, comments: “We have partnered with true market leaders in the ETP digital asset space, 21Shares, to deliver a partnership that will have a real impact on the whole ecosystem — without any compromise on security, risk management, or compliance.”
Mandy Chiu, head of financial product development at 21Shares, says: “This collaboration marks a significant milestone in our commitment to providing top-tier investment opportunities for our clients. Zodia Custody’s industry-leading cold storage infrastructure and streamlined compliance solutions have enhanced our offerings, ensuring our investors benefit from the most advanced and diversified custodial services available.”
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