Zodia Customer Completes $36 Million A-Round Financing Led by Japanese SBI

According to reports, Zodia Customer, a subsidiary of Standard Chartered Bank and a cryptocurrency custodian, completed a $36 million A-round financing, with Japanese SBI leading the investment and becoming the second largest shareholder. The funds raised will be used for regional expansion outside the European and Asian markets, as well as to increase more digital assets, including collateralized ETHs.

Zodia Customer, a subsidiary of Standard Chartered Bank, completed a Series A financing of $36 million

Cryptocurrency custodian Zodia Customer, a subsidiary of Standard Chartered Bank, recently completed a $36 million A-round financing, with Japanese SBI leading the investment and becoming the second-largest shareholder. The funds raised will be used for regional expansion outside the European and Asian markets, as well as to increase more digital assets, including collateralized ETHs. This article will examine the details of the recent funding round, the implications for the cryptocurrency industry, and the future prospects of Zodia Customer.

Overview of Zodia Customer’s $36 Million A-Round Financing

Zodia Customer is a subsidiary of Standard Chartered Bank that offers secure cryptocurrency storage for institutional clients. The $36 million A-round financing was led by Japanese financial company SBI, which has a strong interest in the cryptocurrency industry. According to reports, the funding round also included other investors, such as UK-based Illuminate Financial Management and a consortium of existing shareholders from the banking sector.
The funds raised in this investment will be used for Zodia Customer’s regional expansion outside the European and Asian markets, including the United States. Additionally, the company will aim to offer new digital assets, including collateralized ETHs, and expand its services to include custody and trading.

Implications for the Cryptocurrency Industry

The completion of this funding round is a significant achievement for Zodia Customer, as it indicates the company’s success in the cryptocurrency industry and further strengthens its position in the market. This funding is also a testament to the growing institutional interest in cryptocurrency, as more traditional finance companies are starting to see the value in the cryptocurrency market.
The move towards regional expansion and the offering of new digital assets shows that Zodia Customer is serious about its growth plans and has a clear strategy in place to achieve its goals. This funding round will certainly help the company to achieve its objectives and strengthen its position as a leading provider of cryptocurrency custodian services.

Future Prospects for Zodia Customer

With the completion of this funding round, Zodia Customer is well-positioned to achieve its growth objectives in the cryptocurrency industry. The company’s reputation as a secure and reliable cryptocurrency custodian service provider will help it to attract new clients and expand its services.
By focusing on regional expansion and offering new digital assets, Zodia Customer is looking to capitalize on the growing demand for cryptocurrency services. As more institutional clients enter the cryptocurrency market, there will be an increased need for secure and trustworthy custodian services, and Zodia Customer is well-equipped to meet this demand.

Conclusion

The completion of Zodia Customer’s $36 million A-round financing led by Japanese SBI is a significant milestone for the company and a testament to the growing interest in the cryptocurrency industry. With its plans for regional expansion and the offering of new digital assets, Zodia Customer is well-positioned to capitalize on the increasing demand for cryptocurrency services.

FAQs

1. What services does Zodia Customer offer?
Zodia Customer is a cryptocurrency custodian service provider that offers secure storage for institutional clients.
2. What is the significance of the $36 million A-round financing led by Japanese SBI for Zodia Customer?
The financing is a significant milestone for Zodia Customer as it indicates the company’s success in the cryptocurrency industry and further strengthens its position in the market.
3. What are Zodia Customer’s future plans?
Zodia Customer plans to expand its services regionally and offer new digital assets, including collateralized ETHs, to meet the growing demand for cryptocurrency services.