Bybit partners with Zodia Custody to enhance asset security
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Bybit partners with Zodia Custody to enhance asset security
Zodia Custody's Interchange solution will provide Bybit's institutional clients with secure, segregated custody and OTC settlement services.
Navigating Web3 tides with focused insightsApril 3, 2025—Zodia Custody, an institution-first digital asset platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and National Bank of Abu Dhabi, has officially partnered with Bybit, the world’s second-largest cryptocurrency exchange by trading volume, to jointly offer secure, segregated custody and over-the-counter settlement services for Bybit’s institutional clients.
Institutional investors require regulatory compliance and robust security measures to protect their capital when entering the digital asset space. As industry demands grow, the market increasingly calls for more reliable infrastructure to address potential pain points in exchange-based settlements, including centralized control and counterparty risk.
Built on a regulated-grade infrastructure, Zodia Custody’s Interchange solution addresses these security concerns through independent asset custody. With Interchange, institutional users can instantly deploy funds for trading on Bybit while their assets remain securely held at Zodia Custody—ensuring full segregation, zero commingling, and significantly reduced exchange exposure. This design mitigates counterparty risk and eliminates the need to pre-fund exchange accounts, enhancing both capital efficiency and operational integrity.
This collaboration raises the bar for security and compliance in digital asset trading, enabling institutional clients to leverage Bybit’s leading trading infrastructure alongside the safety of Zodia Custody’s OTC settlement capabilities.
Julian Sawyer, CEO of Zodia Custody, commented: “Institutions need more than just speed—they need assurance that their assets are properly safeguarded outside the exchange and fully under their control. As two leading institutions in our respective fields, Zodia Custody and Bybit share a responsibility to deliver tailored solutions that enhance security and protect capital for the institutions using our services. That’s exactly what this partnership delivers. Through Interchange, we enable Bybit’s clients to unlock trading liquidity without compromising on custody standards, counterparty risk, or capital efficiency. This is custody and settlement built for institutions from the ground up—not retrofitted crypto solutions.”
Shunyen Jan, Head of Institutional and Derivatives at Bybit, added: “At Bybit, our mission is to meet the evolving needs of sophisticated investors with institutional-grade solutions. Our collaboration with Zodia Custody reflects our commitment to compliance, security, and innovation in the digital asset space. Zodia Custody’s reputation as a trusted, highly regulated custodian makes them the ideal partner to help us protect client assets while improving capital efficiency. Together, we are setting new standards and accelerating institutional adoption of digital assets.”
Zodia Custody, SOC 1 Type I and II certified and built fundamentally for institutions, serves regulated financial institutions, government bodies, crypto platforms, and hedge funds across specific global markets, delivering scalability with trust, transparency, and uncompromised security.
This partnership marks a decisive shift toward secure and compliant infrastructure in the crypto market—finally allowing institutions to operate efficiently without sacrificing security.
About Zodia Custody
An institution-first digital asset platform backed by Standard Chartered and co-developed with Northern Trust, SBI Holdings, National Australia Bank, and National Bank of Abu Dhabi. By integrating custody, treasury, and settlement solutions with advisory and middle-office operations, Zodia Custody enables global institutional investors to simply, securely, and uncompromisingly unlock the full potential of the digital asset future. It operates under authorizations granted by the Financial Conduct Authority (FCA), Central Bank of Ireland, Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, and the Hong Kong Companies Registry.
Zodia Custody implements the Fifth Anti-Money Laundering Directive and applies the same anti-money laundering, financial crime compliance, and Know Your Customer standards as Standard Chartered. It complies with the FATF Travel Rule. Zodia Custody Limited is registered as a cryptoasset business with the UK Financial Conduct Authority under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. Zodia Custody (Ireland) Limited is registered as a VASP with the Central Bank of Ireland under the 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 as a virtual asset service provider with the CSSF in Luxembourg under Article 7-1(2) of the law of 12 November 2004 concerning the prevention of money laundering and terrorist financing. Zodia Custody (Hong Kong) Limited is registered with the Trust and Company Service Providers Register for its digital asset custody activities under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) Chapter 615, license number TC009245.
For more information about Zodia Custody, visit: https://zodia-custody.com/
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, more open, and equitable ecosystem for everyone. Focused on Web3, Bybit strategically partners with leading blockchain protocols to deliver robust infrastructure and drive on-chain innovation. Renowned for its secure custody services, diverse markets, intuitive user experience, and advanced blockchain tools, Bybit bridges traditional finance and decentralized finance, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Visit Bybit.com to explore the future of decentralized finance.
For more information about Bybit, visit Bybit Press
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