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.

‍

About Zodia Custody

Zodia Custody is a leading institution-first digital asset custodian backed by Standard Chartered in association with Northern Trust,SBI Holdings, National Australia Bank and Emirates NBD. It enables institutional investors to navigate the digital asset future - simply, safely and without compromise. Through the combination of leading technology, custody, governance and compliance, Zodia Custody satisfies the complex needs of institutional investors.

Zodia Custody implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody (Ireland) Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended. Zodia Custody (Hong Kong) Limited is registered with the Registry for Trust and Company Service Provider with License Number TC009245 under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), Cap. 615 in respect of its custodial activities in digital assets.

‍

About Polymesh Association

The Polymesh Association is a not-for-profit dedicated to the growth of the Polymesh ecosystem through Polymesh and Polymesh Private. Polymesh is a leading public permissioned blockchain purpose-built for real world assets that streamlines capital markets and opens the door to new financial products. Polymesh Private is a private permissioned instance of Polymesh that can be deployed by enterprises.

Visit polymesh.network to learn more.