Zodia Custody, a leading institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, announce their partnership with Copper, a pioneer in institutional digital asset solutions. Through this partnership, Zodia Custody will provide clients with on-chain custody alongside access to off-exchange settlement and rapid settlement times of up to T+4 hours through ClearLoop. The integration will also offer clients access to Zodia Custody’s network of networks, to be launched in Q4 2023.  

Access to Copper’s ClearLoop gives Zodia Custody’s institutional clients seamless access to off-exchange settlement across seven exchanges and another three coming in early 2024 while continuing to ensure the highest standards of digital asset safety. The move comes at a time when custody is becoming increasingly interconnected across the market – a development that increases the accessibility and security of digital assets for institutional market participants. 

What this partnership will bring for institutional clients:  

• The ability to trade on leading global exchanges while assets are held within a secure custody environment. 

• infrastructure, challenging the existing model of holding assets directly on individual exchanges.  

• Bankruptcy remote protection through both Zodia wallets and the Copper ClearLoop English law governed trust structure.  

• Users will soon have access to Bybit, OKX, Powertrade, Bitget, Gate.io, Deribit, BIT, and Bitstamp through Copper’s ClearLoop network. 

Subject to legal documentation being put in place, this integration will be available to institutional clients in the first quarter of 2024 and delivers the much sought-after connectivity and functionality for financial institutions. Through the integration, institutions will be  able to connect to Interchange, Zodia Custody’s market-leading solution that provides effective safeguarding of digital assets and mitigates counterparty risk exposure. 

The move is part of Zodia Custody’s mission to develop greater rigour and discipline across the institutional digital asset ecosystem. By doing so through the establishment of increasingly connected networks, Zodia Custody is facilitating higher standards of security, compliance, transparency and governance as the norm in digital assets. This will also include wider integrations to connect with a variety of custodians to provide institutions with greater optionality, without any compromise on functionality or security. 

“Financial services are quickly waking up to the importance of connectivity,” said James Harris, Chief Commercial Officer, Zodia Custody. “Digital assets cannot lag behind. Connectivity is the key to the wider adoption of digital assets for financial institutions, in giving them the functionality, optionality and security they need. By integrating the ClearLoop Network, we’ve taken a huge stride in achieving this, becoming the most connected custodian on the market today.”

“We have a shared vision and commitment to building a more secure, transparent and accessible digital asset market infrastructure,” said Dmitry Tokarev, Founder and CEO  at Copper. “That’s why this was a natural next step for both our teams in collaborating together..”

About Zodia Custody

Zodia Custody is a leading institution-first digital asset custodian by Standard Chartered, in association with Northern Trust and SBI Holdings. It enables institutional investors around the globe to realise the full potential of the digital asset future – simply, safely, and without compromise. Through the combination of leading technology, custody, governance and compliance, Zodia Custody satisfies the complex needs of institutional investors.

About Copper  

Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades in near real-time across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.