Jacobi Asset Management has reportedly chosen Zodia Custody for Bitcoin ETFs.
Zodia Custody now becomes the primary custodian for Jacobi’s Bitcoin ETF, bringing robust risk controls along with regulatory compliance for institutional investors
Zodia Custody, a which claims to be an “institution-first” digital asset custodian, whose shareholders are said to include Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has been chosen to offer custody services to Jacobi Asset Management (Jacobi) for its spot Bitcoin exchange-traded fund (ETF).
The Jacobi FT Wilshire Bitcoin ETF is said to be first spot Bitcoin ETF to be listed on Euronext Amsterdam, and is reportedly the “first” such exchange-traded product with an active decarbonization strategy and “verifiable” built-in Renewable Energy Certificate (REC) solution qualifying as an SFDR Article 8 ETF, enabling institutional investors to access the benefits of Bitcoin while also satisfying ESG objectives.
The ETF—regulated by the Guernsey Financial Services Commission (GFSC)—trades under the ticker BCOIN, with Flow Traders operating as market makers and Jane Street and DRW as additional Authorised Participants.
The asset manager has reportedly added Zodia Custody into the ETF’s infrastructure in order to offer custodial services, taking over from Fidelity Digital Assets.
Martin Bednall, CEO of Jacobi Asset Management said that Zodia Custody meets that need precisely—their “rigorous” and innovative approach to custody is what they and their investors need.
Martin added that they now look forward to evolving the digital asset ecosystem together, long term, and offering improved overall outcomes for institutional digital asset investors.
Against the environment of a considerable increase in ETP demand, institutions need more robust security and secure custody services throughout the issuance to redemption lifecycle—which is where the partnership between Jacobi and Zodia Custody becomes a key factor.
Via this collaboration, Jacobi will bring its investors an additional layer of security, protection, regulatory compliance and transparency to the Bitcoin ETF.
And institutions investing in the Jacobi FT Wilshire Bitcoin ETF should be able to take advantage of cold-storage wallets, along with 24/7 instant access to enable clients to move at the speed of the fast-evolving markets.
For institutional investors, the end result is better risk management controls, resulting from the custodian’s bank-grade as well as compliant approach to custody.
Alongside the provision of custody services for the Bitcoin ETF, the companies will aim to work closely in the long term as Jacobi looks to enhance digital asset investment vehicles.
