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."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why marijuana blood tests fall short of the alcohol standard in determining intoxicationTests tell us whether someone used marijuana in the last several days or even weeks, not whether they are under the influence at the time
Read more »
The Western Double Standard Enabling Attempted Genocide in GazaWhile Jewish Israeli life and the state are virtually sacrosanct in the contemporary West, Muslim and Christian Palestinian life is fundamentally devalued.
Read more »
China Evergrande faces winding-up challenge in Hong Kong courtChina Evergrande Group's (3333.HK) fate will be tested on Monday as Hong Kong's High Court hears a winding-up petition against the embattled property developer, nearly two years after it defaulted on its debts.
Read more »
China Evergrande faces winding-up challenge in Hong Kong courtChina Evergrande faces winding-up challenge in Hong Kong court
Read more »
In conversation with Hong Kong property and hotel mogul Adrian ChengAdrian Cheng is the scion of a well-regarded family in Hong Kong and Chinese circles. He is the CEO of New World Development, founder of K11 and owner of the Rosewood Hong Kong hotel.
Read more »
Hong Kong University Sacks Tiananmen Square Massacre Scholar After Visa DeniedSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »