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Bybit and Zodia Custody join forces to work on institutional crypto security

Zodia Custody, a digital asset custody platform, and Bybit, the world’s second-largest cryptocurrency exchange by trading volume, have partnered up to promote institutional crypto security, according to the reports shared with Finbold on Thursday, April 3. The partnership will offer secure and segregated custody as well as off-venue settlement for Bybit’s institutional clients. Institutional crypto security As crypto becomes more prevalent in institutional investment circles, regulatory compliance and asset security become an increasingly important topic, especially in the light of growing scrutiny on the crypto industry . Zodia Custody’s Interchange solution addresses issues such as centralized control and counterparty exposure by ensuring institutional funds are stored outside the exchange while still being available for purchase on Bybit. In addition, this approach ensures full asset segregation while eliminating co-mingling, reducing exchange-related risks, and enhancing overall capital efficiency. Julian Sawyer, chief executive officer (CEO) at Zodia Custody, commented on the initiative, stating: As leading players in the industry, Zodia Custody and Bybit have a shared responsibility to provide tailor-made solutions to increase security and protect capital for the institutions that use our services. That’s what we’re delivering through this partnership. Shunyet Jan, Head of Institutional and Derivatives at Bybit, also noted Bybit’s commitment to compliance and cybersecurity : At Bybit, our mission is to provide institutional-grade solutions that meet the evolving needs of sophisticated investors. Our partnership with Zodia Custody underscores our dedication to compliance, security, and innovation in the digital asset space. A broader shift in crypto security Designed to serve financial institutions , government entities, and hedge funds, Zodia Custody focuses on regulatory-grade security and transparency. The platform is SOC 1 Type I and II certified, which further strengthens its position as one of the leading digital asset custodians among institutional clients. Looking ahead, Zodia thus expects the partnership to cause a broader shift in the crypto industry, creating a space for institutional clients to enjoy both speed and security in digital asset custody. The post Bybit and Zodia Custody join forces to work on institutional crypto security appeared first on Finbold . CoinOtag

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XRP Surges with 490% Increase in Active Addresses, Outpacing Bitcoin Amid Retail Investor Favor

According to recent findings by Glassnode, a prominent blockchain analytics firm, XRP has emerged as the preferred choice among retail investors, diverging significantly from the more institutionally driven interest seen CoinOtag