Through the partnership, Zodia Custody provides its bank-grade custody services for DWS Group’s Xtrackers Galaxy Physical Bitcoin and Ethereum ETPs which were listed on Xetra today. Through the collaboration, investors in DWS Group’s ETPs are able to access a fully segregated and regulatory-compliant digital asset custodian solution.
This includes Zodia Custody’s air-gapped cold storage security model, which is designed to maintain 24/7 availability of digital assets while removing them from threats, including exposure to unnecessary risk or potential loss.
“To deliver institutional-grade investment solutions, we need to work with high-quality providers. Through its discipline combined with a dedication to digital asset innovation, Zodia Custody is a proven fit for our Xtrackers crypto ETPs,” said Sam Sadayo, Senior Product Development Manager, DWS Group. “With digital asset ETPs capturing the attention of the market, the combination of our education-first approach and partnering with institutional-grade service providers like Zodia provides a compelling offer. We look forward to working with Zodia Custody to further accelerate digital asset adoption.”
Alongside Zodia Custody, the ETPs leverage Coinbase’s custody services, with State Street also collaborating with the asset manager to provide issuing and paying agency as well as administration agency services. The products have been developed with Galaxy Digital, following a strategic partnership signed between the two in 2023, to advance European digital asset adoption.
“This is exactly the type of collaboration we are built for — combining 160 years of banking experience with the latest in digital asset innovation,” said Julian Sawyer, CEO, Zodia Custody. “ETPs are the next evolution in institutional and investor participation, and as the leading custodian for TradFi institutions entering this space, we bring the rigour and regulatory compliance they require together with the very latest digital asset native technology. Together, we will provide effective and secure access to the ETP market, without compromise.”
Zodia Custody’s partnership with DWS Group follows several strategic moves from the digital asset custodian to shape the future of institutional participation.
The custodian recently launched its Interchange Connect offering, a custody solutions network that integrates with Metaco, Fireblocks and Copper’s ClearLoop networks, making Zodia Custody the most connected custodian. The firm also released Zodia Custody Gateway — a curated, marketplace-like experience to help institutions discover select, vetted partners and services, designed to reduce the time and effort it takes for clients to select trusted providers and functionality.
