Zodia Custody, the institution-first digital assets platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, announced that it is the first bank-backed custodian to offer custody support for Canton Coin (CC), the native token for Canton Network.
The Canton Network is a ‘network of networks’, designed to facilitate seamless and secure transactions for the world’s largest financial players to operate with a high degree of information safeguarding. By providing support for CC, Zodia Custody is unlocking a crucial component of the network’s infrastructure allowing participants in the Canton ecosystem to securely scale their Canton operations.
Furthermore, Zodia Custody will also waive custody fees for CC with upcoming plans to feature the token in its recently announced Zodia Rewards programme, providing clients the ability to maximise their utility on the network. This is Zodia Custody’s first step to becoming the institutional gateway to the ‘network of networks’.
“Our clients demand secure access to the most significant innovations in digital assets,” said Anoosh Arevshatian, Chief Product Officer at Zodia Custody. ”Our support for Canton Coin delivers directly on that promise, providing a vital gateway to a network poised to redefine how institutions interact. Joining the Canton Foundation was a natural next step, allowing us to advocate for our clients’ needs and ensure the infrastructure evolves with the highest standards of security and capital efficiency.”
“The Canton Foundation is excited to welcome Zodia Custody as a member and an important and integral partner across the Canton ecosystem.” said Melvis Langyintuo, Executive Director of the Canton Foundation. “Zodia Custody’s secure infrastructure will be deployed across the network; from custody solutions for Canton Coin and network validator support, to future novel native Canton application deployments. Lastly, through Zodia Custody’s experience in traditional finance and crypto, their contributions in Canton Foundation governance will be very valuable to the ecosystem.”
CC is essential for participation in the Canton Network – a decentralised infrastructure governed by the Canton Foundation and backed by the world’s largest multinational institutions including Goldman Sachs, BNP Paribas, and Microsoft. In addition to CC support, Zodia Custody has also joined the Canton Foundation, giving it a voice in the network’s governance.
Disclaimer: Zodia Custody’s Rewards programme operates on a discretionary basis. The awarding of any rewards, as well as the amount of any such rewards, is entirely at the discretion of Zodia Custody. There is no contractual entitlement to any rewards under this programme, and Zodia Custody reserves the right to amend, suspend, or terminate the programme at any time.
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/
To learn more about Zodia Rewards, please visit: https://zodia-custody.com/
About Canton Foundation
Canton Foundation’s mission is to foster the development and growth of the Global Synchronizer in the Canton Network and facilitate its governance. The Canton Foundation provides transparency and member engagement in decisions made by the operators (Super Validators) of the Global Synchronizer to ensure a reliable, fair, and trusted service for the Canton Network. Blockchain applications in the Canton Network can use the Global Synchronizer to enable atomic transactions across sovereign blockchains without sacrificing privacy or control. Learn more at https://sync.global.