{"id":196595,"date":"2023-12-04T21:39:29","date_gmt":"2023-12-04T21:39:29","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196595"},"modified":"2023-12-04T21:39:29","modified_gmt":"2023-12-04T21:39:29","slug":"zodia-custody-and-ripples-metaco-forge-global-institutional-crypto-network","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/zodia-custody-and-ripples-metaco-forge-global-institutional-crypto-network\/","title":{"rendered":"Zodia Custody and Ripple&#039;s Metaco Forge Global Institutional Crypto Network"},"content":{"rendered":"<p><strong>Introduction to the Strategic Integration<\/strong><\/p>\n<p>Zodia Custody, primarily owned by the global banking giant Standard Chartered and supported by shareholders like SBI Holdings and Northern Trust, stands at the forefront of institutional digital asset custody. This positioning underscores its importance in the institutional embrace of digital assets.<\/p>\n<p>Having extended its operations to Singapore in September, Zodia adheres to the 5th Anti-Money Laundering Directive (5AMLD) and maintains the same rigorous standards as Standard Chartered in areas of Anti-Money Laundering (AML), Financial Crime Compliance (FCC), and Know Your Customer (KYC) protocols. Additionally, Zodia complies with the Financial Action Task Force (FATF) Travel Rule, further cementing its commitment to regulatory compliance and security in digital asset management.<\/p>\n<p>On 4 Dec 2023, Zodia Custody announced a significant integration with Metaco, a digital asset infrastructure technology provider owned by FinTech firm Ripple. This collaboration aims to establish a global network for institutions, enhancing access to Zodia Custody\u2019s bank-grade custody solutions through Metaco\u2019s platform.<\/p>\n<p><strong>Background of Ripple\u2019s Acquisition of Metaco<\/strong><\/p>\n<p>Ripple\u2019s acquisition of Metaco, announced on May 17, 2023, marked a significant step in Ripple\u2019s expansion into the crypto custody market. The acquisition aligns with Ripple\u2019s strategy to provide comprehensive enterprise solutions for the custody, issuance, and settlement of tokenized assets. Metaco, known for its leadership in institutional digital asset custody, benefits from Ripple\u2019s extensive customer base, capital, and resources, accelerating its growth trajectory.<\/p>\n<p><strong>The Collaboration\u2019s Impact on Institutional Investors<\/strong><\/p>\n<p>The partnership between Zodia Custody and Metaco, now under Ripple\u2019s umbrella, is designed to expand networked options for institutional investors. It enables them to access secure, reliable, and compliant end-to-end digital asset services. This integration strengthens the global digital asset infrastructure, particularly by enhancing connectivity to foundational Layers 0 and 1 blockchains and creating a robust settlement network based on distributed ledgers.<\/p>\n<p><strong>Benefits for Institutions Connected to Metaco\u2019s Network<\/strong><\/p>\n<p>Institutions connected to Metaco\u2019s network can benefit from Zodia Custody\u2019s Interchange offering, adding an extra layer of security, risk management, and solvency protection. Metaco\u2019s institutional clients, including premier banks and financial institutions, can leverage the network\u2019s interoperability standards for diverse digital asset strategies. Institutions using Zodia Custody\u2019s Interchange, such as Bitfinex, LMAX Digital, and CoinShares, can now utilize Metaco\u2019s solutions.<\/p>\n<p><strong>Zodia Custody\u2019s Future Plans and Commitment<\/strong><\/p>\n<p>Zodia Custody aims to become the most connected custodian in the digital asset ecosystem, with plans to develop and launch its own network in Q4 2023. James Harris, Chief Commercial Officer at Zodia Custody, emphasized the importance of this partnership in building a rigorous global digital asset infrastructure. The collaboration reinforces Zodia Custody\u2019s commitment to client asset safety, both at rest and in transit, across the Interchange network. <\/p>\n<p>Harris said:<\/p>\n<p>\u201c<em>Combining our forces on this institutional network for digital asset flows, spanning sub-custody, trading use cases, and beyond, is an important step on the way to building truly rigorous digital asset infrastructure, globally<\/em>.\u201d<\/p>\n<p>Metaco\u2019s Vision Under Ripple\u2019s Leadership<\/p>\n<p>Adrien Treccani, Founder and CEO of Metaco, highlighted the industry\u2019s transformation and Metaco\u2019s dedication to standardizing, governing, and connecting institutional digital asset flows. Under Ripple\u2019s leadership, Metaco is committed to providing interoperable, open infrastructure that enables institutions to create innovative, value-added services, thereby setting the benchmark for the future of digital asset ecosystems.<\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2023\/12\/digital-asset-custodian-zodia-custody-partners-with-ripple-owned-metaco-to-create-a-global-network-for-institutions\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction to the Strategic Integration Zodia Custody, primarily owned by the global banking giant Standard&#8230;<\/p>\n","protected":false},"author":4,"featured_media":196594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zodia Custody and Ripple&#039;s Metaco Forge Global Institutional Crypto Network - 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