Chicago-headquartered Northern Trust has entered into an agreement with Standard Charter’s venture capital unit SC Ventures to launch Zodia Custody, an institutional-grade custody solution for cryptocurrencies.
“The introduction of digital custody backed by the know-how and experience of global banks is a breakthrough in the evolution and support of institutional cryptocurrency markets,” said Pete Cherecwich, president of Corporate & Institutional Services at Northern Trust. “Zodia’s robust capabilities will make it possible for institutional asset owners, family offices and asset managers to invest in a range of cryptocurrencies as interest continues to grow . . .
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