According to PANews, NAB Ventures, the venture capital arm of the National Australia Bank (NAB), recently invested in Zodia Custody, a cryptocurrency-focused custody service company. The size of the investment was not disclosed.
Zodia Custody was jointly founded by Standard Chartered and Northern Trust to provide secure digital asset custody services to institutional investors.
Zodia Custody is set to launch operations in Australia by the end of 2023, with Zodia Custody poised to become the custodian of choice for digital asset ETF applicants awaiting approval from the Australian Securities Exchange.
