Deribit Becomes Newest Member of Zodia Custody’s Interchange network

Zodia Custody wallet holders will be able to access leading exchange Deribit via Interchange.

London, UK – 30 July, 2024 – Zodia Custody, a leading institution-first digital asset global custodian whose shareholders include Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank, has partnered with Deribit, the world’s largest crypto options exchange by volume, and will integrate the exchange into Interchange, Zodia’s off-venue settlement network.

Institutional clients will be able to access market-leading derivatives liquidity while their assets remain secure in Zodia Custody’s segregated cold wallets. The partnership with Deribit establishes Interchange as the network of choice for mature TradFi and crypto-native institutions that require access to market-leading CEXs and OTC liquidity.

Designed to provide advanced safeguarding of assets and reduce counterparty exposure, especially for high-volume trading, Zodia Custody’s Interchange is the first off-venue settlement network by an FCA-registered and global custodian. It combines the digital assets custodian’s rigorous approach to custody – including air-gapped, cold wallet storage and ensured 24/7, instant access through asset mirroring – with enhanced venue and institutional connectivity. Crucially, Interchange delivers reduced counterparty risk alongside enhanced capital efficiency through this model.

“This integration aligns with Deribit’s commitment to provide best-in-class trading and liquidity,” said Deribit CEO Luuk Strijers. “The partnership with Zodia Custody empowers institutions seeking the added trust and peace of mind that comes with a globally registered custodian. Zodia’s upcoming integration is a testament to Deribit being a select venue, where institutions can have the custodian of their choice.”

James Harris, Chief Commercial Officer, adds “Interchange was built on the core principles of security and efficiency. These principles are attracting leading institutions and venues to join the network at an impressive pace. Partnering with Deribit strengthens our commitment to shaping the future of secure and efficient institutional digital asset infrastructure. Interchange offers a distinct market advantage: a technically superior, widely connected off-venue settlement network that enables seamless trading while keeping assets secure.”

The partnership is the custodian’s latest addition to the Interchange offering, enabling institutions to access a wider range of liquidity venues and execute seamless trades directly from Zodia Custody’s secure cold storage environment. Further expansions are expected in due course.

About Deribit

Deribit is a centralized, institutional-grade crypto derivatives exchange for options and futures. Deribit’s state-of-the-art infrastructure offers instantaneous price discovery, low latency trading, advanced risk mitigation services, and deep liquidity via its network of top-tier market makers. Led by a team with decades of experience in options trading across all markets, Deribit facilitates a significant majority of crypto options trading and has robust proof of assets and liabilities procedures to ensure the exchange is held to the highest of standards. Deribit has been consistently acknowledged as a leader in space as one of few exchanges to secure the ISO 27001 certificate and was named Best Exchange for Innovation by Hedgeweek.

For additional information, visit: www.deribit.com.

About Zodia Custody

Zodia Custody is the leading institution-first digital asset custodian by Standard Chartered, in association with Northern Trust, SBI Holdings and National Australia Bank. It enables institutional investors around the globe to realise the full potential of the digital asset future – simply, safely, and without compromise. Through the combination of leading technology, custody, governance and compliance, Zodia Custody satisfies the complex needs of institutional investors.

Zodia Custody implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended. Zodia Custody (Hong Kong) Limited is registered with the Registry for Trust and Company Service Provider with License Number TC009245 under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), Cap. 615 in respect of its custodial activities in digital assets.

For more information about Zodia Custody, visit: www.zodia.io.

Media Contact

M Group Strategic Communications (On behalf of Deribit): [email protected].