Standard Chartered-backed Zodia Custody joins Ripple-owned Metaco’s global crypto storage network

“I think of this as a third-generation cryptocurrency vault where multiple custodians are linked together,” he said. “For example, a client in Brazil who is a custodian may want to store some assets in the UK that are not currently in the UK. So they can use us as sub-custodians and use our regulatory powers and so on. I think multiple networks are really important in terms of connecting custodians together and connecting custodians to exchanges and venues in a compliant way.”