Bybit and Zodia Custody reach cooperation to improve asset security

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ODAILY
04-03
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Official News: Zodia Custody, an institutional priority digital asset platform supported by Standard Chartered Bank, Northern Trust Company, SBI Holdings, National Australia Bank, and Emirates NBD, has officially established a partnership with cryptocurrency exchange Bybit. They will jointly provide secure, isolated custody and over-the-counter settlement services for Bybit's institutional clients. As industry requirements increasingly rise, the market hopes to establish more reliable infrastructure to address potential settlement risks within exchanges, including centralized control and counterparty risks. Zodia Custody's Interchange solution is built on a regulatory-level infrastructure, offering independent asset custody to address these security issues. Through Interchange, institutional users can immediately deploy funds for trading on Bybit, while their assets remain securely stored in Zodia Custody - ensuring complete isolation, zero mixing, and significantly reducing exchange risk exposure. This design neutralizes counterparty risk and eliminates the need for users to pre-fund exchange accounts, thereby improving capital efficiency and operational integrity.

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