Zodia Custody, backed by major financial institutions, and cryptocurrency exchange Bybit have announced the launch of a joint solution aimed at institutional clients.
Partnership between Zodia Custody and Bybit
Zodia Custody, a digital asset platform, and Bybit, the second-largest cryptocurrency exchange in the world by trading volume, have teamed up to create a secure solution for institutional clients. This solution includes independent asset custody and off-venue settlements, providing reliability for large investors.
Benefits of the Interchange Solution
The solution, called Interchange, provides institutional users with the ability to securely store their assets via regulatory-grade infrastructure. This ensures full asset segregation and minimizes risks associated with exchanges. Investors will be able to immediately use their capital for trading on the Bybit platform while their assets are securely held at Zodia Custody.
Expert Opinions
CEO of Zodia Custody, Julian Sawyer, stated, 'Institutional clients need more than speed; they need to know their assets are securely held off-exchange and fully under their control. We have a shared responsibility to provide tailored solutions that increase security and protect capital.' Shunyat Yan, Head of Institutional and Derivatives at Bybit, added, 'Our partnership with Zodia Custody underscores our commitment to compliance, security, and innovation in the digital asset space.'
The partnership between Zodia Custody and Bybit underscores the importance of reliable infrastructure for institutional investors in the cryptocurrency sector, setting new standards for safety and compliance.
