Standard Chartered Bank affiliate partners with 21Shares to offer custody services for exchange-traded cryptocurrencies in Europe

According to BlockBeats, Zodia Custody, a subsidiary of Standard Chartered Bank, has partnered with 21Shares to offer crypto ETP custody services in Europe. This cooperation aims to meet the growing demand for exchange-traded cryptocurrency products in the region.

Zodia Custody said the partnership is designed to provide additional security and regulatory compliance to 21Shares investors, supporting their financially backed exchange-traded products. Furthermore, institutions investing in exchange-traded products through 21Shares will have access to cold wallets and can access them instantly, around the clock.