National Australia Bank's venture capital arm, NAB Ventures, has invested in Zodia Custody, a platform for storing cryptocurrencies and digital assets. The size of the investment is not disclosed.

Zodia Custody is also backed by Standard Chartered, Northern Trust and SBI Holdings. NAB Ventures' investment supports Zodia's expansion in Australia.

Following the investment, key priorities include integrating Australia's unique digital asset ecosystem and preparing for a wave of ETF issuers.

Zodia Custody is also preparing to become the preferred custodian for applicants of pending digital asset ETFs awaiting approval from the ASX.