Zodia Custody, the institution-first digital assets platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, today announced a strategic expansion of its partnership with Deribit by Coinbase (“Deribit”), the world’s largest digital assets options exchange. Deribit now supports fully automated, rulebook-governed off-exchange settlement through Zodia Custody’s Interchange network, providing improved performance, predictability, and transparency.
The enhanced 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 that 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.
“Interchange was built to give institutions the confidence to trade and deploy capital without surrendering custody of their assets,” said Anoosh Arevshatian, Chief Product Officer at Zodia Custody. “This expanded partnership with Deribit eliminates the friction and complexity that have previously limited institutional participation in crypto derivatives markets.”
“This expanded work with Zodia Custody represents another significant step in providing our clients with automated, secure settlement capabilities while maintaining the deep liquidity and trading experience Deribit is known for,” said Jean-David Péquignot, Chief Commercial Officer of Deribit by Coinbase.
This expanded partnership reflects Zodia Custody’s commitment to delivering institutional-grade 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.
About Zodia Custody
Zodia Custody is an institution-first digital assets platform backed by Standard Chartered, in association with Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD. Through the combination of its custody, treasury, and settlement solutions, Zodia Custody enables institutional investors around the globe to realise the full potential of the digital assets future – simply, safely, and without compromise. Zodia Custody is registered with the Financial Conduct Authority, Central Bank of Ireland, Commission de Surveillance du Secteur Financier, and holds a licence with the Hong Kong Companies Registry.
Zodia Custody implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody (Ireland) Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended. Zodia Custody (Hong Kong) Limited is registered with the Registry for Trust and Company Service Provider with License Number TC009245 under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), Cap. 615 in respect of its custodial activities in digital assets.
For further information on Zodia Custody, please visit: https://zodia-custody.com/
For further information on Interchange, please visit: https://zodia-custody.com/