According to BlockBeats, Zodia Custody, a subsidiary of Standard Chartered Bank, has partnered with 21Shares to provide cryptocurrency ETP custody services in Europe. The collaboration aims to meet the growing demand for crypto ETPs in the region.
Zodia Custody stated that the partnership is designed to provide additional security and regulatory compliance for 21Shares investors, supporting their physically-backed ETPs. Furthermore, institutions investing in ETPs through 21Shares will gain access to cold wallets and can access them instantly around the clock.