Zodia Custody, a leading institution-first digital asset custodian with shareholders including Standard Chartered, SBI Holdings, and Northern Trust, has launched a dedicated Custody Service offering for governments and law enforcement bodies, to provide compliant, specialised custody services for seized and illicit digital assets.
The service provides parties involved in the asset seizure process with a chain of evidence and a means to swiftly and securely store, and ultimately dispose of, seized digital assets. Crucially, it also transfers the risk of holding these assets to a secure, bank-backed custodian that operates within the highest level of governance and regulatory compliance.
Given the need for rapid action at times of asset seizure, the service ensures government bodies do not need to manage these high-risk assets and keys themselves, and instead have a swift, straightforward and low-risk solution to custody they can trust. As a bank-backed, FCA-registered custodian, Zodia Custody delivers a high level of digital asset expertise needed to meet these complex needs.
“We’re excited to expand our services to governments and law enforcement. Our unparalleled focus on security, robust compliance frameworks, and industry-leading licensing positions Zodia Custody as the perfect partner to navigate the complexities of digital assets.” said Julian Sawyer, CEO Zodia Custody.
