Trading without compromise: How Zodia Custody and LMAX Digital are redefining settlement security
How Interchange brings together Zodia Custody’s bank-grade digital asset custody with LMAX Digital’s regulated exchange to deliver secure, off-venue trading and efficient T+1 settlement
Our impact
Trusted by one of Europe’s leading digital asset ETP providers
Reduced counterparty risk exposure across all transactions
Streamlined post-trade operations with T+1 settlement cycle
The challenge
Institutional investors need access to deep crypto liquidity—but trading on exchange can mean sacrificing security by moving assets out of custody. At the same time, inefficient settlement processes and fragmented infrastructure slow down execution and inflate costs.
Our partnership with LMAX Digital solves this by minimising counterparty exposure and enhancing operational efficiency, without compromising access to market-leading liquidity.
The solution
Interchange from Zodia Custody, connects fund managers to LMAX Digital, to boost security and efficiency
Zodia Custody and LMAX Digital have combined secure, segregated custody with regulated, high-performance trading to deliver instant access to liquidity with post-trade T+1 settlement and reduced counterparty exposure.
Cold custody, hot execution
Clients allocate funds to a dedicated Interchange trading wallet held securely with Zodia Custody. These balances are mirrored in real-time on LMAX Digital, allowing institutions to trade without pre-funding the venue. This eliminates the risk of holding assets on-exchange, while maintaining speed and flexibility.
Post-trade settlement on your terms
Trades are settled on a T+1 basis via Zodia’s Interchange wallets. This settlement model reduces operational overhead, ensuring funds move only once trades are confirmed—never before.
Segregated by design
Zodia’s trading wallets are fully segregated and protected under English law trust structures. Unlike pooled models, this ensures client assets are never co-mingled and remain bankruptcy-remote. Clients retain complete transparency and control throughout the trading lifecycle.
Institutional infrastructure, end to end
LMAX Digital offers ultra-low latency execution and transparent price discovery, backed by regulatory oversight from the Gibraltar Financial Services Commission. Together, we provide the security, compliance, and performance institutions demand—setting a new benchmark for off-venue settlement.
What our partners say
“Segregation of crypto services and effective governance is more important than ever. This collaboration delivers an institutional-grade solution that supports a better market structure for all.”
“CoinShares’ DNA promotes enhanced security and transparency through collaboration with regulated market players. This joint effort with Zodia Custody and LMAX Digital is aligned with our long-term strategy. We are committed to shape a reference standard for digital asset management.”