Zodia Custody, the crypto security firm owned by British bank Standard Chartered, is launching its services in Hong Kong, the company told CNBC exclusively.
It marks the latest push for the U.K.-headquartered firm into the Asia-Pacific region. Founded in 2020, Zodia Custody helps financial institutions store their crypto securely.
Julian Sawyer, CEO of Zodia, said that Hong Kong was a market where demand for crypto is driven by institutions, rather than retail customers, adding this is the ideal clientele for Zodia. "We also see a lot of other clients and prospects outside those four jurisdictions that want to come in on the institutional side."
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