Zodia Custody, the institution-first digital asset custodian backed by Standard Chartered, has been granted a Markets in Crypto Property (MiCA) licence by Luxembourg’s Fee de Surveillance du Secteur Financier (CSSF). The authorisation marks a big milestone for the agency, enabling its European arm to passport regulated custody companies throughout all European Union member states.
The approval reinforces Zodia Custody’s technique to place itself as a “risk-first” associate for institutional traders, leveraging a compliance-heavy framework to bridge the hole between conventional banking and the digital asset economic system.
Passport to Europe
The MiCA framework is broadly thought to be a game-changer for the crypto business in Europe, changing a patchwork of nationwide guidelines with a unified regulatory regime. For Zodia Custody, this licence from the CSSF—a regulator identified for its stringent requirements—validates its operational rigour and permits it to supply companies all through the bloc with no need separate licences for every nation.
Sophie Bowler, chief danger and compliance officer at Zodia Custody, commented on the achievement: “Regulatory authorisation from the CSSF is a milestone accomplishment for Zodia Custody Europe, and proves our dedication to providing our institutional shoppers licensed and authorised digital belongings custody companies. Our dedication to compliance and our risk-first strategy means establishments can fearlessly interact within the digital belongings future with out compromise.”
Strengthening the Luxembourg hub
To help its expanded mandate, Zodia Custody has bolstered its native management crew. The agency introduced the appointment of Daniel Soriano as an authorised supervisor within the Luxembourg workplace, working alongside managing director Ami Nagata. Soriano brings intensive expertise from main European know-how establishments, aligning with the corporate’s concentrate on safe, institutional-grade infrastructure.
Ami Nagata, managing director, Luxembourg at Zodia Custody Europe, added: “Gaining authorisation from the CSSF additional underscores Zodia Custody’s dedication to regulatory compliance in all markets the place we function. We look ahead to the chance to help shoppers throughout Europe beneath our newly licensed actions.”
A world regulatory footprint
The MiCA licence provides to Zodia Custody’s rising checklist of regulatory credentials. The agency, whose shareholders embrace Northern Belief, SBI Holdings, Nationwide Australia Financial institution, and Emirates NBD, already operates beneath registrations and authorisations from the UK’s Monetary Conduct Authority (FCA), the Central Financial institution of Eire, the ADGM Monetary Companies Regulatory Authority within the UAE, and the Hong Kong Firms Registry.
By securing totally regulated standing within the EU, Zodia Custody continues to solidify its proposition as a protected harbour for establishments trying to enter the digital asset area, providing settlement and custody options that mirror the requirements of conventional finance.
