Zodia Custody partners with Raffles Family Office Group and QCP to offer institutional-grade digital assets custody

Singapore and Hong Kong — 14 November 2024 — Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank, has partnered with Raffles Family Office Group (“RFOG”) (the “RFOG Collaboration”) and QCP.

Under the RFOG Collaboration, the largest multi-family office in the region will leverage Zodia Custody for seamless and secure access to digital asset products through the custodian’s global bank-backed platform.

“The collaboration marks another crucial step for Raffle’s digital asset strategy, following the launch of its Revo Digital Family Office platform in 2022,” says Ray Tam, Co-founder, Raffles Family Office Group. “We aim to bridge the worlds of traditional wealth with digital innovation — but can only do so with the right infrastructure in place. Through working ecosystem providers that can combine the heritage of traditional wealth management with a digital asset-native approach, we can achieve that. This is exactly what Zodia Custody brings to the table, helping us to unleash growth and wider adoption for digital assets for APAC.”

The collaboration with RFOG comes as QCP—one of Singapore’s first digital asset trading firms and wealth partner—joins Zodia Custody Gateway, an expansive ecosystem of carefully curated third-party services, which offers direct access to a streamlined digital asset ecosystem from their Zodia Custody wallet.

The integration with QCP will provide Zodia Custody’s clients access to a comprehensive suite of bespoke structured solutions, spot trading with deep liquidity and best-in-class price execution alongside seamless on/off ramp services.

“At QCP, we’re committed to being the digital asset partner of choice for institutional investors. Our integration with Zodia Custody enables us to set a new standard for excellence in the digital asset space, offering unparalleled security and innovative solutions tailored to the evolving needs of institutions like Raffles Family Office Group” said Darius Sit, Founder and Chief Investment Officer at QCP. “As we continue to innovate, we are focused on empowering our clients with the tools they need to harness the full potential of digital assets, driving long-term growth and success in this dynamic market.”

The planned uptake of digital assets is on the rise, with the latest joint research from Deloitte Private and Raffles Family Office Group showing that family offices are actively looking to strategically grow and diversify their portfolio by investing in this category. It revealed that cryptocurrency/digital assets are one of the top asset classes that 24% of family offices are looking to invest in more.

“Digital assets have a significant and fundamental role to play across the wealth sector. But they are still under-utilised,” said Kate Cooper, Head of APAC and CEO of Zodia Custody Australia. “Regulatory guardrails have gone a long way to bolstering digital assets, but it is through working with market leaders such as RFOG and QCP that will continue to push it forward. Together, we are effectively changing the game by evolving the digital asset world in line with the best practices of traditional finance — creating the path forward for future adoption, and placing digital assets at the forefront of options for ultra-high net worth families and other institutional investors across Asia.”

Timed with increasing regulatory clarity in the APAC region, these two partnerships will provide wealth managers and accredited investors with the security, compliance, and risk management assurances they need for digital assets exposures with confidence.