Zodia Custody Expands to Singapore

Author: The Black Jew Wealth Coach

Key Points:

• Zodia Custody, a subsidiary of Standard Chartered, expands to Singapore for the first time.
• The company revealed the information exclusively to CNBC.

Hot Take:

Zodia Custody’s expansion to Singapore marks a significant milestone for the company as it extends its global footprint. This move demonstrates the growing demand for secure and reliable digital asset custody services in a thriving financial hub like Singapore. This development is just another sign of the rapidly maturing cryptocurrency and digital asset market, as institutional investors increasingly seek professional custodial solutions for their digital assets. It will be interesting to see the impact this expansion has on the market and whether it contributes to further adoption and integration of digital assets in the mainstream financial ecosystem.

Original article:https://www.cnbc.com/2023/09/11/standard-chartered-owned-crypto-firm-zodia-launches-in-singapore.html