Algoz and Zodia Custody have partnered to deliver a safer model for digital asset investing.
The partnership aims to mitigate the type of counterparty risk that had caused market turbulence in 2022 and is driven by the desire to protect investor funds from counterparty insolvency.
Through the partnership, Algoz managers can trade the collateral value of investor holdings without taking control of investor assets directly.
Zodia Custody’s Interchange offering also allows off-venue settlement and clients can store funds in Zodia Custody’s segregated cold storage wallets. These funds can be withdrawn without a lock-in period.
Zodia Custody CEO Julian Sawyer says: “By leveraging our off-venue settlement solution, Interchange, and Algoz’s Quant Pro, we give institutions greater efficiency and better security in trading digital assets that simply cannot be found elsewhere.”
Yariv Eisenberg, Algoz founder and director, adds: “Zodia Custody shared our common goal in the creation of this unique product, Algoz Quant Pro. That goal was to put the investor first in the relationship; to improve trust and enhance transparency.”
