Aquanow, a global crypto infrastructure provider trusted by 300+ clients, is announcing a strategic partnership with Zodia Custody, an institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank.
The partnership will see Zodia Custody “provide its enterprise custody solutions, which are trusted by globally recognized financial institutions, for Aquanow’s expansion across UAE and the wider Gulf Cooperation Council (GCC) region.”
By leveraging Zodia Custody’s enterprise technology solutions, this custody partnership will allow Aquanow “to ensure that it meets the institutional-grade cold storage demands required by banks, neobanks, and other top-tier financial institutions.”
Last month, Aquanow announced that the company “had secured full operational approval for its Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA).”
The approval has positioned Aquanow “to begin enabling crypto services in partnership with major financial institutions across the Middle East.”
Phil Sham, CEO of Aquanow said they are entering a new phase of expansion across the Middle East and the partnership helps to ensure safe access to digital assets.
As covered earlier this month, Zodia Custody partnered with Deribit, which claims to be one of the world’s largest crypto options exchange by volume, and will integrate the exchange into Interchange, Zodia Custody’s off-venue settlement network.
Institutional clients will be able to “access derivatives liquidity while their assets remain secure in Zodia Custody’s segregated cold wallets.”
The partnership with Deribit establishes Interchange “as the network of choice for mature TradFi and crypto-native institutions that require access to market-leading CEXs and OTC liquidity.”