The Block Crypto News19 minutes ago

Published on June 25, 2024 12:09 GMT+00:00edited on June 25, 2024 12:14 GMT+00:00

Zodia Custody has partnered with 21Shares to provide custody services for physically backed crypto exchange-traded products (ETPs) in Switzerland and the wider European market.

The partnership aims to give 21Shares investors an additional layer of security and regulatory compliance for its physically-backed ETPs, according to Zodia Custody. Additionally, institutions using 21Shares for ETP investments will gain access to cold-storage wallets, with 24/7 instant access.

Speaking about the benefits of the partnership, 21Shares' head of financial product development Mandy Chiu said that Zodia Custody has "industry-leading cold storage infrastructure and streamlined compliance solutions, ensuring our investors benefit from the most advanced and diversified custodial services available."

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