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Standard Chartered-Backed Zodia Custody Joins Metaco’s Global Crypto Storage Network

Zodia Custody, a cryptocurrency storage provider backed by Standard Chartered (STAN), is joining Ripple-owned custody specialist Metaco's network, which is designed to handle the safekeeping and settlement of digital assets for institutions around the world, the firms said on Monday. Crypto storage and settlement networks, where the assets remain in custody to remove counterparty risk, are becoming more popular, particularly in the wake of last year’s blow-ups and collapses of firms like FTX. As this infrastructure component gradually evolves to resemble the way things are done in traditional finance, different types of networks will appear, said Zodia Custody CEO Julian Sawyer.


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