National Australia Bank’s Venture Arm Invests in Crypto-Focused Zodia Custody

Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.

NAB Ventures made an undisclosed investment in Zodia Custody, which is also backed by Standard Chartered, Northern Trust and SBI Holdings.

The investment from NAB Ventures underpins Zodia’s push into Australia, where the custody firm established operations in late 2023, according to a press release. The size of the investment was not disclosed. “NAB Ventures’ investment in Zodia was based on a range of factors including their innovative approach, institution-grade safety and strong work with regulators,” said NAB Ventures MD Amanda Angelini in a statement.

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