Zodia Custody Gains EU Boost With Luxembourg Payment Institution Approval

Zodia Custody Reveals 5 Breakthroughs Set to Revolutionize Digital Assets by 2026
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Zodia Custody obtained a payment institution license issued by the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg, which allows it to offer regulated custody and transfer services for Electronic Money Tokens, that is, stablecoins, across the European Union.

This authorization adds to the MiCA license the company already held and broadens its institutional digital asset offering, aiming to capitalize on the growing prominence of stablecoins in settlement, liquidity and treasury operations.

Zodia stated that the combination of both licenses will eliminate structural barriers and counterparty risks associated with fragmentation between service providers. The company argued that the ability to custody and transfer Electronic Money Tokens will become a baseline requirement for digital asset infrastructure providers.

Zodia Custody is an institutional digital asset platform backed by Standard Chartered, Northern Trust, SBI Holdings, Emirates NBD and National Australia Bank. In April, Bloomberg reported that Standard Chartered was evaluating an acquisition of the company. On May 18, the bank confirmed that its non-binding offer had been accepted.

Source: https://x.com/ZodiaCustody/status/2064261064477356423


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This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

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