The startup offers a cryptocurrency custody platform that provides secure storage solutions for institutional investors, focusing on widely traded assets like Ethereum, Litecoin, and Bitcoin Cash. This platform addresses the need for safe and responsible investment in emerging cryptocurrencies, ensuring compliance and risk management for institutional clients.
Funding
$48.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Institutional investors face challenges in securely storing and managing digital assets due to the risks of hacking, theft, and regulatory non-compliance. Traditional custody solutions may not offer the agility and comprehensive security required to confidently navigate the complexities of the digital asset landscape.
Solution
Zodia Custody provides a secure and compliant custody platform for institutional investors to manage their digital assets. The platform utilizes air-gapped cold storage with 24/7 instant availability, ensuring assets are protected from online threats. Zodia Custody offers fully segregated wallets, guaranteeing the identifiability of client holdings and preventing co-mingling of funds. The platform supports a wide range of digital assets and provides comprehensive insurance coverage for digital asset crime and cyber risks. Zodia Custody also offers additional services such as Interchange for secure trading and Gateway for connecting to a growing ecosystem of trusted services.
Target Audience
Zodia Custody primarily targets institutional investors, including asset managers, banks, crypto-native firms, hedge funds, and private wealth managers, who require secure and compliant digital asset custody solutions.
Features
- Bank-grade security with private keys stored in Hardware Security Modules (HSMs) within secured data centers
- Client-controlled entitlement workflows and policies embedded in HSMs
- 24/7 instant withdrawals from cold storage
- Fully segregated wallets with no co-mingling of funds
- Comprehensive insurance coverage for digital asset crime and cyber risks
- Support for staking activities with streamlined reward management
- Integration with Zodia Gateway for access to additional services and partners
- Regulatory compliance with licenses and authorizations from various financial authorities