Aquanow and Zodia Custody Enter Strategic Partnership
The partnership will see Zodia Custody provide its enterprise custody solutions for Aquanow’s expansion across UAE and the wider Gulf Cooperation Council (GCC) region.
Dubai, United Arab Emirates — 27 August 2024 — Aquanow, a global crypto infrastructure provider trusted by 300+ clients, is announcing a strategic partnership with Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank.
The partnership will see Zodia Custody provide its enterprise custody solutions, which are trusted by globally recognised financial institutions, for Aquanow’s expansion across UAE and the wider Gulf Cooperation Council (GCC) region. By leveraging Zodia Custody’s enterprise technology solutions, this custody partnership will allow Aquanow to ensure that it meets the institutional-grade cold storage demands required by banks, neobanks, and other top-tier financial institutions.
Last month, Aquanow announced that the company had secured full operational approval for its Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). The approval has positioned Aquanow to begin enabling crypto services in partnership with major financial institutions across the Middle East.
“Together with Aquanow, we’ll be playing our part in building the infrastructure that local and global institutions need in order to capitalise on the digital asset opportunities in the Middle East.” said Julian Sawyer, Chief Executive Officer, Zodia Custody. “And the foundations of that ecosystem begin with efficient, secure custody. This is where our partnership with Aquanow is a leap forward in building the UAE’s digital asset ecosystem.”
“As we enter the next phase of our growth and begin expanding across the Middle East, we’re proud to be partnering with Zodia Custody for digital asset custody solutions,” said Phil Sham, CEO of Aquanow. “This partnership provides us with the enterprise custody solutions trusted by even the most demanding financial institutions, ensuring that digital assets accessed through their platform are both safe and readily available.”
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Frequently Asked Questions
What has been announced?
Aquanow has entered a strategic partnership with Zodia Custody to support its expansion across the UAE and wider GCC region.
Who is involved and what does the partnership enable?
Aquanow, a global crypto infrastructure provider, will leverage Zodia Custody’s enterprise-grade custody solutions to meet the demands of banks, neobanks, and financial institutions in the region.
Why is this significant?
With Aquanow’s VARA approval and regional growth, access to bank-backed custody is critical to building a secure, regulated digital asset ecosystem in the Middle East.
What are the benefits?
Institutions using Aquanow’s services benefit from secure, compliant custody of digital assets backed by Zodia’s infrastructure, giving them confidence to scale digital asset offerings.
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