21Shares has partnered with Zodia Custody to provide custody services for physically backed ETP products in Switzerland and Europe. The announcement comes after Zodia Custody received funding from NAB Ventures, the venture capital arm of National Australia Bank.
Founded in 2020 by Standard Chartered and Northern Trust, Zodia Custody has raised $44 million from five investors. The firm’s innovative approach, institution-grade safety, and strong regulatory work were key factors in securing the investment.
This partnership addresses the growing demand for ETPs and enhances the security and reliability of crypto custody services. As ETP demand continues to rise sharply, this collaboration is strategically important for expanding secure crypto investment options in Europe.
