Zodia Custody and Hidden Road Partners collaborate on digital asset solution
14 July 2023 UK
Image: immimagery/stock.adobe.com
Digital asset custodian Zodia Custody and global credit network Hidden Road Partners have joined forces to provide secure access to digital assets for institutions.
Zodia Custody’s Interchange solution will give institutional clients access to custody services and prime brokerage, provided by Hidden Road. Interchange ensures that clients retain full control of their assets while reducing counterparty risk exposure and further protects clients through settlement obligations.
The firms aim to improve digital asset infrastructure and ensure that companies are actively meeting requirements, with the goal of improving institutional participation rates in the digital asset sphere.
Commenting on the partnership, Julian Sawyer, CEO of Zodia Custody, says: “This is a crucial milestone towards building the market infrastructure institutions need to enter digital assets at scale while maintaining the rigorous standards of security, regulation and compliance.
“Institutional investors are now able to leverage Interchange alongside the expertise of a provider offering prime brokerage to gain greater exposure to the many opportunities digital assets present, in a safe and secure way.”
Michael Higgins, global head of business development at Hidden Road, adds: “Hidden Road’s collaboration with Zodia Custody adds value to our credit network, as we share a focus on security, compliance and risk management. A sound regulatory framework is what institutions need most when it comes to trading digital assets, and bringing together our two FCA-regulated offerings will support the maturation of market structure in digital assets.”
Zodia Custody’s Interchange solution will give institutional clients access to custody services and prime brokerage, provided by Hidden Road. Interchange ensures that clients retain full control of their assets while reducing counterparty risk exposure and further protects clients through settlement obligations.
The firms aim to improve digital asset infrastructure and ensure that companies are actively meeting requirements, with the goal of improving institutional participation rates in the digital asset sphere.
Commenting on the partnership, Julian Sawyer, CEO of Zodia Custody, says: “This is a crucial milestone towards building the market infrastructure institutions need to enter digital assets at scale while maintaining the rigorous standards of security, regulation and compliance.
“Institutional investors are now able to leverage Interchange alongside the expertise of a provider offering prime brokerage to gain greater exposure to the many opportunities digital assets present, in a safe and secure way.”
Michael Higgins, global head of business development at Hidden Road, adds: “Hidden Road’s collaboration with Zodia Custody adds value to our credit network, as we share a focus on security, compliance and risk management. A sound regulatory framework is what institutions need most when it comes to trading digital assets, and bringing together our two FCA-regulated offerings will support the maturation of market structure in digital assets.”
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