2 years ago

Zodia Custody Raises $36 Million to Expand Crypto Compliance Services

  • Zodia Custody, a crypto compliance service provider run by Starling Bank co-founder Julian Sawyer, has raised $36 million in a Series A funding round led by SC Ventures, the venture capital arm of Standard Chartered

  • The round also saw participation from Japanese conglomerate SBI Holdings

  • Zodia will use the funds to expand its business into new markets and further develop its asset infrastructure

  • The company was launched in 2020 as a subsidiary of Standard Chartered to provide compliance services for the digital asset economy.

      • ProblemFinancial Services

      "The crypto asset space lacks robust compliance services, hindering institutional adoption and regulatory clarity."

      Solution

      "Zodia Custody provides institutional-grade custody and compliance solutions for digital assets, ensuring secure and regulatory-compliant management of crypto assets."

      Covered on