Zodia Custody's Interchange solution will provide Bybit's institutional clients with secure, segregated custody and over-the-counter settlement services.
April 3, 2025— Supported by Standard Chartered Bank, Northern Trust Company, SBI Holdings, National Australia Bank, and Emirates NBD, the institutional-focused digital asset platform Zodia Custody has officially partnered with Bybit, the second-largest cryptocurrency exchange by global trading volume, to jointly offer secure, segregated custody and over-the-counter settlement services for Bybit's institutional clients.
When entering the digital asset space, institutional investors require assurances of regulatory compliance and robust security measures to protect their capital. As industry demands increase, the market is correspondingly seeking more reliable infrastructure to address potential risk points in exchange settlements, including centralized control and counterparty risk.
Zodia Custody's Interchange solution is built on regulatory-grade infrastructure, providing independent asset custody to address the aforementioned security concerns. Through Interchange, institutional users can immediately deploy funds for trading on Bybit while their assets remain securely held at Zodia Custody—ensuring complete segregation, zero mixing, and significantly reducing exchange risk exposure. This design mitigates counterparty risk, and users no longer need to pre-fund exchange accounts, enhancing capital efficiency and operational integrity.
This collaboration elevates the security and compliance standards in the digital asset trading space, allowing institutional clients to enjoy the safety of Zodia Custody's over-the-counter settlement while utilizing Bybit's top-tier trading infrastructure.
Julian Sawyer, CEO of Zodia Custody, commented: “Institutional clients need more than just speed—they need to know their assets are properly safeguarded outside of the exchange and are fully under their control. As industry leaders, Zodia Custody and Bybit share a responsibility to provide tailored solutions that enhance security and protect capital for the institutions using our services. This is precisely what our collaboration offers. Through Interchange, we help Bybit's clients unlock trading liquidity without compromising on custody standards, counterparty risk, or capital efficiency. This is custody and settlement built for institutions, not a repurposed solution for cryptocurrency.**”
Shunyen Jan, Head of Institutional and Derivatives at Bybit, added: “At Bybit, our mission is to meet the evolving needs of high-tier investors with institutional-grade solutions. Our partnership with Zodia Custody underscores our commitment to compliance, security, and innovation in the digital asset space. Zodia Custody's reputation as a trusted, highly regulated custodian makes it the ideal partner to protect our clients' assets while enhancing capital efficiency. Together, we are setting new standards and driving institutional adoption of digital assets.”
Zodia Custody is fundamentally built for institutions, providing services to regulated financial institutions, government agencies, crypto platforms, and hedge funds in specific global markets through SOC 1 Type I and II certifications, scaling trust, transparency, and uncompromising security.
This partnership marks a decisive shift in the crypto market towards secure, compliant infrastructure—institutions can finally operate efficiently without compromising on security.
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About Zodia Custody
Zodia Custody is an institutional-focused digital asset platform supported by Standard Chartered Bank, in collaboration with Northern Trust Company, SBI Holdings, National Australia Bank, and Emirates NBD. By combining its custody, treasury, and settlement solutions with advisory and middle-office operations, Zodia Custody enables global institutional investors to realize the full potential of digital assets simply, securely, and without compromise. It operates under licenses granted by the Financial Conduct Authority, the Central Bank of Ireland, the Luxembourg Financial Industry Supervisory Commission, and the Hong Kong Companies Registry.
Zodia Custody implements the requirements of the Fifth Anti-Money Laundering Directive and applies the same anti-money laundering, financial crime compliance, and know-your-customer standards as Standard Chartered Bank. It has implemented the requirements of the FATF Travel Rule. Zodia Custody Limited is registered with the Financial Conduct Authority in the UK as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered as a VASP with the Central Bank of Ireland under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody (Ireland) Limited is registered as a virtual asset service provider with the CSSF in Luxembourg under Article 7-1(2) of the Law of 12 November 2004 on the fight against money laundering and terrorist financing. Zodia Custody (Hong Kong) Limited is registered with the Trust and Company Service Providers Registry under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) Chapter 615 for its digital asset custody activities, with license number TC009245.
For more information about Zodia Custody, please visit: https://zodia-custody.com/
About Bybit
Bybit is the second-largest cryptocurrency exchange by global trading volume, with over 60 million users. Founded in 2018, Bybit is redefining the openness of the decentralized world, creating a simpler, more open, and equitable ecosystem for everyone. Bybit focuses on Web3, strategically partnering with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Bybit is known for its secure custody services, diverse markets, intuitive user experience, and advanced blockchain tools, bridging the gap between traditional finance and decentralized finance, enabling builders, creators, and enthusiasts to unlock the full potential of Web3. Visit Bybit.com to explore the future of decentralized finance.
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