Zodia Custody, which claims to be the so-called “institution-first” digital assets platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, have announced an expansion of its partnership with Deribit by Coinbase, the world’s digital assets options exchange. Deribit now supports automated, rulebook-governed off-exchange settlement via Zodia Custody’s Interchange network, providing performance, predictability, transparency.
The integration transforms settlement on Deribit from a manually coordinated process to one “with end-to-end automation and an API-driven process governed by the Interchange Rulebook.”
The network enforces delivery-versus-payment “logic through its on-chain engine, ensuring asset transfers only occur when both settlement conditions are met.”
This significantly reduces settlement risk and provides “auditable transparency for institutional participants.”
Clients can trade crypto derivatives at scale while “maintaining complete control over their assets under Zodia custody.”
Deribit users leveraging Zodia Custody will now “have trades settled in net batches, intraday, with balances automatically reflected in users’ nominated wallet after each settlement cycle.”
The process handles gas fees automatically and ensures client assets remain in Zodia Custody’s cold, “air-gapped custody, fully segregated by default until the point of settlement.”
All trading vaults are per-venue, “per-client, and never pooled, with every movement verifiable on-chain.”
Anoosh Arevshatian, Chief Product Officer at Zodia Custody said that interchange was built to give institutions the confidence “to trade and deploy capital without surrendering custody of their assets.”
Arevshatian added that this expanded partnership with Deribit “eliminates the friction and complexity that have limited institutional participation in crypto derivatives markets.”
Jean-David Péquignot, Chief Commercial Officer of Deribit by Coinbase said that this expanded work with Zodia Custody represents yet another step forward in providing clients with “automated settlement capabilities while maintaining the deep liquidity and trading experience Deribit is known for,”
This partnership reflects Zodia Custody’s commitment to delivering settlement infrastructure across digital asset markets. Zodia Custody and Deribit will continue working together “to expand services that embed the security and operational efficiency institutional clients require to trade confidently in digital asset capital markets.”