Zodia Custody, a crypto custodian backed by Standard Chartered, is expanding its services to Hong Kong. The company has recently expanded into other parts of the Asia Pacific region, including Singapore, Japan and Australia. Julian Sawyer, CEO of Zodia, said institutional players are driving demand for crypto in Hong Kong, making it an ideal region for the company. The company will initially offer its services for a limited number of digital assets and is in talks with the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority to become regulated in the financial district. Hong Kong has become increasingly friendly to the cryptocurrency sector, with the SFC launching a licensing regime for digital assets earlier this year. Hong Kong and Dubai are gaining a reputation as crypto hubs due to their well-defined laws, regulations, and financial infrastructure.