Zodia, the cryptocurrency custodian backed by Standard Chartered, has raised $50 million in a new funding round aimed at expanding its institutional offerings. The round was led by Japanese financial giant SBI Holdings, with participation from other prominent institutional investors. The fresh capital will be used to enhance Zodia’s secure digital asset storage services, which cater to large-scale investors like banks, asset managers, and hedge funds.
Launched in 2020, Zodia offers fully regulated crypto custody services in the UK, positioning itself as a trusted player in the rapidly growing market for institutional-grade digital asset solutions. The company’s robust security measures and regulatory compliance have helped it attract institutional clients looking for a safe and secure way to manage their crypto holdings amid increasing market volatility.
Zodia’s latest funding round reflects the rising demand for professional-grade custodianship as cryptocurrencies gain mainstream adoption. As institutional interest in digital assets grows, companies like Zodia are well-positioned to offer the kind of secure, compliant infrastructure necessary to meet the needs of both traditional financial institutions and crypto-native businesses.
With the additional funding, Zodia plans to accelerate its expansion, improve its product offerings, and increase its global presence. This move underscores the growing importance of regulated custodial services in the digital asset space as investors seek greater security and regulatory certainty in their crypto investments.
