Zodia Custody, with heavyweight backing from Standard Chartered and SBI Digital Asset Holdings, opens its digital asset custody services in Singapore.
- Zodia Custody, backed by Standard Chartered and SBI Digital Asset Holdings, launches digital asset custody services in Singapore.
- It becomes the first entity in Singapore owned by and partnered with banks to offer digital asset custody to financial institutions.
- Singapore’s thriving crypto scene, with a 19% ownership rate and significant funding for crypto companies, makes it an ideal location for Zodia Custody’s services.
- Zodia Custody’s expansion plans include Abu Dhabi, reflecting its global ambitions in the digital asset custody market.
So, picture this: Singapore, a bustling hub for digital assets, has just welcomed Zodia Custody, the cool kid on the blockchain block. They’re like the bodyguards for your precious digital coins, backed by heavyweights like Standard Chartered and SBI Digital Asset Holdings. Plus, they’re not just here for the ride; they’ve got global domination on their minds, with Singapore and Abu Dhabi on their radar!
Hey there, crypto comrades! Ready for a wild ride in the world of digital asset custody? Grab your virtual seatbelts; we’re diving into the fascinating launch of Zodia Custody’s services in Singapore.
[SUNBIT Daily News] 1. Encryption custodian Zodia expands its business to Singapore;
2. Bitget sets up a US$100 million fund to fund the development of its ecosystem;
3. Coinbase Prime launches Web3 wallet for institutional and corporate customers;
4. Seven giant whales sold… pic.twitter.com/dvKDrPepUc
— Sunbit Global (@Sunbit88) September 12, 2023
Zodia Custody: The Guardian of Your Crypto Kingdom
Imagine you’ve got a vault full of digital treasures—cryptocurrencies, NFTs, and whatnot. Now, what’s the one thing you need to keep those treasures safe and sound? A guardian, right? Enter Zodia Custody, your digital asset bodyguard!
But here’s what makes Zodia Custody even cooler—they’re not just any security detail. They’re backed by the financial giants like Standard Chartered and SBI Digital Asset Holdings, so you know they mean business. They’re like the secret service for your digital dollars.
Singapore: The Crypto Wonderland
Now, why is Singapore the perfect stage for this crypto security show? Well, my crypto comrades, Singapore is like the Disneyland for digital assets. They’ve got a 19% crypto ownership rate, beating the global average! It’s like everyone here is holding a digital treasure map.
According to the folks at Statista, crypto companies in Singapore are pulling in massive funding, making it rain with money. So, it’s no surprise Zodia Custody wants a piece of this crypto paradise.
Singapore: Where Fintech Flies High
But wait, there’s more! Even in the ever-changing world of fintech, Singapore stands tall. It’s like the superhero of the fintech universe. Despite a few villains meeting their demise, Singapore remains the hotspot for all things crypto and blockchain.
According to KPMG’s Pulse of Fintech report, crypto-related funding in Singapore hit a whopping $1.2 billion. Sure, there was a slight dip, but hey, even superheroes have their ups and downs. Globally, crypto startups bagged a jaw-dropping $23.1 billion in 2022. So, Singapore is just flexing its fintech muscles.
To Sum it All Up….
But wait, there’s more to this story! Zodia Custody isn’t stopping at Singapore. They’ve got their eyes on Abu Dhabi, the city of gold, where they just got a nod from regulators. It’s like they’re expanding their secret agent network to cover the globe!
With Singapore and Abu Dhabi in their grip, Zodia Custody is ready to take on the world. They’re like the James Bond of digital asset custody, except they’re not after villains; they’re here to keep your crypto safe and sound.
In a nutshell, Zodia Custody’s launch in Singapore is like opening a new chapter in the crypto saga. With big partners, a booming crypto scene, and global expansion plans, they’re here to give your digital assets the VIP treatment they deserve. So, fasten your seatbelts, folks; it’s going to be one heck of a ride!