Zodia Custody, which claims to be a leading institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, has recently appointed Jonathan Hugh as “the firm’s new Chief Financial Officer, effective immediately.”
As part of his role, Jonathan will be “responsible for overseeing the bank-owned custodian’s financial operations, helping to enforce Zodia Custody’s global growth as the company expands into new markets.”
The senior hire comes at a big moment “for the firm; following a number of major client wins including LMAX, CoinShares, Blockfills and Hidden Road Partners, a successful $36M Series A funding round, and recent geographical expansions into Luxembourg, Japan and Dubai.”
Hugh will also contribute “to enhancing internal capabilities and efficiencies, while building in greater disciplines as Zodia Custody continues to develop its offering globally.”
Hugh joins the Zodia Custody team “from GSR, the liquidity provider and crypto market maker, where he held the same position and led the firm through significant growth. Prior to this, Jonathan held various senior positions with ED&F Man, Noble Group and Centrica.”
Julian Sawyer, CEO of Zodia Custody, said:
“Jonathan is an excellent addition to our growing team, and brings a real wealth of experience and expertise in the digital assets space. He is joining the team at an incredibly exciting moment as we position ourselves for significant scale, while building the market infrastructure that allows all institutions to truly harness the exciting opportunities that digital assets offer.”
Jonathan Hugh, CFO of Zodia Custody, said:
“Zodia Custody has a rich heritage in championing a unique, institution-first approach to digital asset custody. I look forward to taking on my next challenge, being part of this ambitious team and contributing to our strategic growth.”
As covered, Zodia Custody, an institution-first digital asset custodian by Standard Chartered in association with Northern Trust and SBI Holdings, is announcing its collaboration with Hidden Road Partners, the global credit network for institutions, to provide secure access to digital assets for institutions.
As a result of the partnership, institutional clients will be “able to access both prime brokerage and custody services from a single, secure provider via Zodia Custody’s Interchange solution, with prime brokerage provided by Hidden Road.”
Interchange provides independent, effective safeguarding of digital assets, “while also reducing the counterparty risk exposure for Hidden Road’s clients.” This means that clients “will retain full control of their assets, while ensuring greater protection through settlement obligations.”
