Zodia Custody
London custodian with air-gapped cold wallets that still allow instant withdrawals, backed by Standard Chartered and others
Quick Overview
| Company | Zodia Custody Limited |
|---|---|
| Category | Crypto Custody Providers |
| Headquarters | London, United Kingdom |
| Founded | Not stated |
| EU Presence | Yes - United Kingdom (non-EU), with a Luxembourg entity |
| Data Location | Secured data centres (country not stated) |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Air-gapped cold wallets, HSM key storage, segregated wallets, insolvency-remote structures, custom approval workflows, staking, Interchange off-venue trading, white-label custody |
| Pricing | Pricing on request |
| Best For | Asset managers and banks that want cold storage without slow withdrawals |
| Replaces | BitGo, Coinbase Custody |
Detailed Review
Zodia Custody Limited is incorporated in England and Wales (company number 12418687) with its registered office in the City of London. It is registered with the FCA for cryptoasset activity under the money laundering regulations, and the group also names a Luxembourg registration with the CSSF.
The about page lists Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank and Emirates NBD as backers. A news item on the site says Standard Chartered has signed agreements to acquire Zodia Custody UK Limited, subject to approvals.
Cold storage with fast access
The pitch is air-gapped cold wallets with instant, round-the-clock withdrawals and little human intervention. Private keys sit in HSMs in secured data centres, and each client sets its own entitlement workflows and policies inside those HSMs.
Segregation and insolvency design
Wallets are fully segregated per client with no commingling, and the site mentions insolvency-remote structures. The accreditations listed are SOC 1 Type II, SOC 2 Type I and ISO 27001:2022.
Beyond storage
Interchange lets clients trade from cold storage and settle off-venue with partner venues, and a Solutions line offers white-label custody to firms that serve their own customers. Staking is available, including Ethereum Pectra staking.
Limitations to Consider
Zodia Custody's lead entity is British, so UK law and courts apply to its terms of use rather than EU law, even though a Luxembourg arm exists. The pending acquisition by Standard Chartered may change ownership and structure. Prices are not published, SOC 2 is listed as Type I only, and the FCA entry is a money-laundering registration rather than a banking licence. The site does not state the data-centre country.
Who Should Use Zodia Custody
Asset managers, hedge funds and financial institutions that prefer a London-based custodian with bank shareholders and want segregated cold storage with quick withdrawals.
Pros and Cons
Pros
- Air-gapped cold wallets with instant withdrawals
- Client-controlled policies embedded in HSMs
- Segregated wallets and insolvency-remote structures
- Bank shareholders named on site
- SOC and ISO 27001:2022 accreditations
Cons
- UK lead entity, UK law in its terms
- Ownership change pending
- Pricing not published
- SOC 2 listed only as Type I
Alternatives to Zodia Custody
Other European crypto custody providers worth comparing before you decide:
DFNS
France · Wallet-as-a-service on MPC, SaaS or fully on-premises
Tangany
Germany · BaFin-licensed wallet-as-a-service custody for platforms
Boerse Stuttgart Digital Custody
Germany · Fiduciary crypto custody from a German exchange group
Taurus
Switzerland · Custody software for banks, with keys held by the client
See all European crypto custody providers or compare them directly against BitGo on our alternatives page.
Frequently Asked Questions
Its lead company is in London, which is outside the EU. The group also names a Luxembourg registration with the CSSF, and its terms of use are governed by the law of England and Wales.
The about page lists Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank and Emirates NBD as backers, and a news item reports signed agreements for Standard Chartered to acquire Zodia Custody UK Limited, subject to approvals.
The custody page says clients can access assets held in air-gapped cold wallets instantly, with 24/7 withdrawals.