Cambridge, MA, United States, July 2nd, 2024, FinanceWire
Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has partnered with Metrika, an industry-leading risk management platform for digital assets.
As digital assets and blockchain technology see wider adoption, addressing and managing associated risks becomes increasingly critical. Metrika helps financial institutions navigate the complexities of blockchain technology by incorporating traditional finance risk management concepts and adapting them to the unique characteristics of digital assets. Metrika’s platform automates risk assessment and compliance processes, streamlining operations and allowing teams to focus on strategic priorities. With robust risk management frameworks and continuous monitoring in place, institutions can showcase their dedication to risk mitigation and compliance, earning trust and credibility from stakeholders.
“Collaborating with a like-minded partner such as Metrika is the natural next step for us, and for bettering the risk management capabilities of the digital asset industry,” said Anoosh Arevshatian, Chief Risk Officer of Zodia Custody. “Our collective breadth and depth of shared expertise on security, compliance and risk management will deliver a powerful advantage for institutions looking to enter and participate in the space – now with the added reassurance and peace of mind of working with institutional-grade standards.”
“Metrika is excited to partner with Zodia Custody, leveraging their unparalleled expertise in secure digital asset storage and management. This collaboration underscores our shared commitment to providing best-in-class risk management for digital assets,” said Nikos Andrikogiannopoulos, Founder & CEO of Metrika. “Zodia Custody’s industry-leading custody infrastructure, combined with Metrika’s continuous risk monitoring and effective management, significantly enhances the value proposition for institutional clients.”
Both Metrika and Zodia Custody will discuss their partnership and the future of digital asset risk management at the Point Zero Forum workshop session on “Navigating the Future of Digital Asset Risk Management” on July 2 in Zurich, Switzerland. The workshop will explore the complexities of managing risks associated with digital assets, regulatory trends, technological advancements including AI, and industry best practices.
About Zodia Custody
Zodia Custody is the leading institution-first digital asset custodian by Standard Chartered, in association with Northern Trust, SBI Holdings and National Australia Bank. It enables institutional investors around the globe to realise the full potential of the digital asset future – simply, safely, and without compromise. Through the combination of leading technology, custody, governance and compliance, Zodia Custody satisfies the complex needs of institutional investors.
Zodia Custody implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended. Zodia Custody (Hong Kong) Limited is registered with the Registry for Trust and Company Service Provider with License Number TC009245 under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), Cap. 615 in respect of its custodial activities in digital assets.
About Metrika
Metrika is the industry leader in blockchain risk management, enabling proactive risk assessment and compliance across digital asset services. Implement strategic risk frameworks, navigate regulatory compliance, and protect operations with ongoing monitoring and surveillance. Learn more: www.metrika.co
Contact
Rich Wentrich@galliumventures.com