Zodia Custody announces strategic partnership with Polymesh, advancing tokenised asset support

London, UK — 11th February 2025: Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, Northern Trust, SBI Holdings, Emirates NBD and National Australia Bank (NAB), has announced a long-term strategic partnership with the Polymesh Association to support Polymesh, a public permissioned blockchain purpose-built for regulated real world assets.

The partnership makes Zodia Custody the first global custodian to provide support for Polymesh and will enable its institutional clients to securely access and interact with the Polymesh ecosystem. The collaboration further allows institutions to leverage Polymesh’s unique features, such as on-chain identity, compliance, and settlement while safeguarding their assets with Zodia Custody’s cold-storage custody solutions.

“This collaboration with Polymesh marks another important step in bridging the gap between institutional finance and blockchain technology,” said Julian Sawyer, CEO of Zodia Custody. “Polymesh’s focus on compliance and institutional-grade infrastructure aligns perfectly with our mission to deliver secure and regulated institutional digital asset services. Together, we aim to enable institutions to explore the full potential of regulated blockchain technology with confidence and ease.”

Bill Papp, CEO at the Polymesh Association, shared his thoughts on the collaboration: “Zodia Custody’s reputation as a trusted and highly regulated custodian makes them the ideal partner for Polymesh as we continue to expand our reach within the tokenized asset space. This collaboration enables us to provide a compliant, and secure foundation for institutions to embrace real world assets. We look forward to working closely with Zodia to drive innovation and adoption within our ecosystem.”

For the initial phase of the partnership, Zodia Custody will provide custody services for assets issued on Polymesh along with custody and staking support for POLYX, the native protocol coin of Polymesh.

In addition to institutional custody services, Zodia Custody and Polymesh will collaborate on initiatives aimed at educating institutions about tokenization and addressing the unique challenges faced by regulated markets. The partnership is expected to play a significant role in the evolution of Polymesh’s ecosystem and its engagement with the broader financial industry.