ETC Group enters strategic partnership with Zodia Custody for asset custody

The partnership will see a significant migration of assets from existing ETC Group products — including the recently launched ETC Group Ethereum Staking ETP (ET32) — to Zodia Custody. Specifically tailored to meet the rigorous requirements of institutional investors, the ETH Staking ETP offers greater outcomes when compared to other offerings or similar ETPs. It is the first real institutional-grade, low-cost, liquid, and transparent staking ETP, anchored to a genuine benchmark to ensure optimal investor outcomes.

“With the digital asset ETP market accelerating at great speed, it is essential that we are able to provide investors with the best possible custody solutions. We see Zodia Custody as a new benchmark,” said Tim Bevan, CEO, ETC Group. “As our ETPs unlock a whole new level of institutional interest, it is essential that our ecosystem can provide the level of robustness required. With a banking heritage and digital asset native approach, we can deliver this confidently through Zodia Custody.”

The deal between the two digital asset businesses comes as exchange-traded products are making a significant impact on the global digital asset ecosystem. The past month has seen around $2bn invested into digital asset ETPs per week, bolstered by significant BTC net exchange outflows from both Coinbase and Binance, implying increased institutional buying interest.

Zodia Custody was selected by ETC Group due to its best-in-class approach. With shareholder DNA firmly rooted in global banking and financial services, Zodia Custody has always placed regulatory compliance at the forefront of its commercial philosophy, and is currently registered to operate in the UK, Ireland and Luxembourg. Zodia Custody also provides a rigorous approach to its custodial services, including the provision of Zodia Interchange, cold wallets with assets mirrored on trading venues, to provide both regulatory compliance and better risk management.

“This partnership is a true endorsement of our approach and philosophy for the institutional future of digital assets,” said Julian Sawyer, CEO, Zodia Custody. “We have delivered the robust infrastructure needed to move digital assets into the mainstream for institutions — and our partnership with ETC Group shows that work is paying off. As the most connected and qualified custodian, we are building the future of digital assets.”

Zodia Custody’s latest major partnership deal follows the launch of several new major infrastructure products. This includes Zodia Custody Gateway — a curated, marketplace-like experience to help institutions discover and select, vetted partners and services. The custodian also recently launched its Interchange Connect offering, a digital asset custody solutions network that integrates with Metaco, Fireblocks and Copper’s ClearLoop networks, making it the most connected digital asset custodian.