Zodia Custody, the institution-first digital assets platform with shareholders and investors including Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, today announced the launch of Zodia Switch, a feature enabling institutional clients to initiate asset-to-asset swaps directly from their secure custodial wallet.
Built in partnership with LMAX, a globally trusted operator of institutional execution venues for FX and digital assets trading, Zodia Switch allows mutual clients to switch between supported ERC-20 tokens, like ETH, wrapped BTC, and stablecoins, including RLUSD, USDC and USDT, on demand, without pre-funding their LMAX trading account or moving assets off-platform. Pricing and execution come from LMAX through a next generation infrastructure layer embedded within Zodia’s platform, ensuring transparent liquidity and complete auditability. Throughout the process, clients retain full governance, control, permissioned AML screening, and audit trails.
The launch addresses a longstanding gap in institutional digital asset workflows: the operational friction and risk of transferring assets to independent external liquidity venues simply to adjust exposure or access liquidity. Zodia Switch combines the speed and flexibility of blockchain with the governance, control, and oversight of bank-aligned custody, without Zodia Custody ever acting as a trading venue or counterparty.
“Institutional portfolios are becoming increasingly active and on-chain, but the infrastructure hasn’t kept pace,” said Anoosh Arevshatian, Chief Product Officer at Zodia Custody. “Zodia Switch eliminates the need to choose between security and speed. Clients can now rebalance positions, manage liquidity, and respond to market conditions instantly, all from within their custody environment. This is custody working the way institutions need it to work.”
“As digital assets and tokenisation accelerate, this is the next evolution in bringing our institutional‑grade liquidity directly into client environments via a simple API. Our solution lets institutions initiate trades in any asset from their own wallets with full control, transparency and immediate access to deep global liquidity. Together with our long-standing partner Zodia Custody, we’re embedding our market infrastructure at the core of the digital ecosystem to enable seamless, secure asset movement.” said Jenna Wright, Managing Director, Digital Assets, LMAX Group.
Zodia Switch is the newest addition to Zodia Custody’s Trade pillar, joining Interchange in delivering integrated liquidity and settlement solutions. By enabling custody-native switch initiation via a Tier-1 liquidity provider, Zodia Switch represents a significant advancement in institutional digital asset infrastructure, reducing operational risk and providing clients with a faster, safer, and more integrated workflow.
The launch also strengthens the strategic alignment between Zodia Custody and LMAX, positioning both firms to support the next wave of institutional on-chain activity as demand for agile, secure portfolio management continues to grow.