Zodia Custody secures the TCSP license in Hong Kong

• Zodia Custody (HK) received the Trust or Company Service Provider (TCSP) license.
• The custody platform for digital assets supported by Standard Chartered will offer institutional customers regulated services.

Zodia Custody (HK), a provider of crypto custody solutions, has received the Trust or Company Service Provider (TCSP) license.

The license enables the custody provider for digital assets supported by Standard Chartered to bring its services onto the Hong Kong, according to a corporate message report .

This decisive milestone enables Zodia Custody (HK) to consolidate its position in the cryptor compartment.

Zodia Custody aims at the Hong Kong market from

The orientation of Zodia Custody on the Hong Kong market takes place at a time when the region wants to strengthen its global position as a turntable for digital assets. The various initiatives include the demand for a proper licensing of crypto companies and the alleged striving for stock market-traded Spot ethereum-C funds (ETFS).

The company recently appointed Kal Chan appointed CEO, one of his goals is to drive the introduction of digital assets in the region.

"Hong Kong is not only an important node for digital assets in Asia, it is also the leading worldwide when it comes to showing the way to general acceptance," said Chan back then. Chan added that the crypto platform would use its bank-based legacy in its regulatory and institutional goals.

With the Hong Kong license, Zodia Custody will offer its services both local and international institutional customers. The aim is to provide a regulated platform, the infrastructure and products of which meet the TCSP requirements.

In December last year, Zodia Custody merged with Metaco, a crypto storage provider owned by Ripple. Integration enabled global understood, which resembles the use of custody providers in the traditional banking ecosystem.