Standard Chartered Bank's Zodia secures a custody agreement with Securitize, a tokenization partner of BlackRock
In a significant development for the digital asset industry, Zodia Custody, a digital asset custody provider, has partnered with Securitize to offer custody services for the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
Zodia Custody, co-founded by Standard Chartered and Northern Trust in 2019, provides bank-grade digital asset custody services to institutional investors. The partnership with Securitize further strengthens Zodia Custody's position in the market.
BUIDL, unveiled by BlackRock in March, is currently the largest tokenized money market fund (MMF) in existence, with a market capitalization of $530 million. The minimum investment for BUIDL remains at $5 million.
BlackRock, a global investment management corporation, has chosen Securitize as its tokenization partner for this groundbreaking fund. Securitize is a leading platform for security token issuance and management.
SBI and National Australia Bank have also invested in Zodia Custody, demonstrating confidence in the company's services and the growing importance of digital asset custody.
As the digital asset industry continues to evolve, partnerships like this one between Zodia Custody and Securitize are set to play a crucial role in enabling institutional investors to participate in the tokenized economy securely and efficiently.
