SOLOWIN HOLDINGS (Nasdaq: SWIN), a financial services firm providing high-net-worth and institutional investors with solutions across traditional and virtual assets, announced its partnership with Zodia Custody, a digital asset custodian backed by Standard Chartered, which has been selected by NASDAQ as a new core custodian for its suite of crypto indexes, in order to strengthen Hong Kong’s fast-growing digital asset ecosystem.
This partnership aims to offer “bank-grade” and compliant custody services in Hong Kong for SOLOWIN’s clients.
Zodia Custody will be one of several custody providers available to Solowin’s client base, “enhancing the range of options offered with its layers of security, control and bank-grade compliance for digital asset holdings.”
SOLOWIN and Zodia Custody will reportedly explore opportunities to combine their “resources and regulatory licensing framework (existing and future) to maximize synergies and capitalize on growing investor demand in the region.”
All offerings will reportedly be subject to “necessary regulatory approvals.”
Marco Lim, Web3 Partner of SOLOWIN, has commented that partnering with Zodia Custody allows them to enhance their products / service offerings and “meet the evolving needs of their clients while at the same time strengthening Hong Kong’s digital asset ecosystem with a fully segregated wallet.”
Lim also noted that Zodia Custody provides SOLOWIN with solutions including “wallet management, protection and bank-grade compliance, which enables our investors around the globe to realize the full potential of the digital asset future-simply, safely, and without compromise.”
Richard Clark, Chief Revenue Officer of Zodia Custody, added that SOLOWIN has built “a prominent position in Hong Kong’s digital asset ecosystem with its extensive expertise in financial product development and a deep understanding of the local market.”
Clark added that they both share a deep “commitment to innovation and strict regulatory compliance, making them an ideal partner.” They now look forward to working closely together to “strengthen Hong Kong’s digital asset ecosystem.”