According to a report shared on Thursday, April 3, Zodia Custody, the digital asset custody platform, and Bybit, the world’s second largest cryptocurrency exchange, are partnering to promote crypto security at institutions.
This partnership provides Bibit’s institutional clients with safe, isolated custody and isolated custody.
Institutional Cryptographic Security
As crypto becomes more common in facility investment worlds, regulatory compliance and asset security become increasingly important topics, especially in light of growing scrutiny within the crypto industry.
Zodia Custody’s interchange solutions address issues such as centralized management and counterparty exposure by ensuring that institutional funds are stored outside the exchange, while still available for purchase on BYBit.
Additionally, this approach ensures complete asset separation, ensuring confluence, reduced exchange-related risks, and increased overall capital efficiency.
Julian Sawyer, CEO of Zodia Custody, commented on the initiative:
As leading players in the industry, Zodia Custody and Bybit share their responsibility to provide tailored solutions to enhance security and protect capital for the institutions that use our services. That’s what we offer through this partnership.
Shunyet Jan, head of Bybit’s institutional and derivatives, also states Bybit’s commitment to compliance and cybersecurity.
At Bybit, our mission is to provide institutional grade solutions that meet the evolving needs of sophisticated investors. Our partnership with Zodia Custody highlights our commitment to compliance, security and innovation in the digital assets space.
A broader shift in crypto security
Designed to serve financial institutions, government agencies and hedge funds, Zodia’s custody focuses on regulatory grade security and transparency.
The platform is SOC 1 Type I and II accredited, further strengthening its position as one of the leading digital asset managers among the institutional clients.
Therefore, Zodia hopes that the partnership will cause wider changes to the crypto industry, creating space for institutional clients to enjoy both the speed and security of custody of their digital assets.
