Zodia Custody Hong Kong Acquires Trust License (TCSP license) to Bring Custody Services to the Market
Zodia Custody (HK), a leading institution-first provider of digital asset custody solutions backed by Standard Chartered, has been granted a Trust or Company Service Provider (TCSP) License in Hong Kong
Zodia Custody (HK), a leading institution-first provider of digital asset custody solutions backed by Standard Chartered, has been granted a Trust or Company Service Provider (TCSP) License in Hong Kong. Marking a pivotal development for Zodia Custody (HK), it enables the firm to offer comprehensive custody services for digital assets under the TCSP Licensing Regime.
Acquiring the TCSP License is a significant milestone for Zodia Custody (HK) in solidifying the firm’s position as a prominent player in the digital asset custody market in Hong Kong.
As a key geography for the global digital asset ecosystem, this crucial achievement enables Zodia Custody (HK) to cater to the needs of both local and international institutional clients. This includes providing institutions operating in the region with a robust, trusted and regulated platform, as well as infrastructure that complies with TCSP requirements.
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Frequently Asked Questions
What has been announced?
Zodia Custody Hong Kong has obtained a Trust or Company Service Provider license, allowing it to offer digital asset custody services under the Hong Kong TCSP regime.
Who is involved?
Zodia Custody Hong Kong, backed by Standard Chartered, can now provide registered custody services to institutional clients in Hong Kong and to international firms active in the market.
Why is this significant?
Hong Kong is a key digital asset hub, and a TCSP license provides regulatory clarity and assurance that custody services meet local compliance and governance requirements.
What are the benefits?
Institutions gain access to a trusted custodian that can support their digital asset strategies in Hong Kong with a platform aligned to local rules and global standards.
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