Zodia Custody, a cryptocurrency storage provider supported by Standard Chartered Bank (STAN), announced on Monday that it is joining the custody expert Metaco network under Ripple, which aims to handle the custody and settlement of digital assets for institutions around the world.

Zodia Markets, a digital asset exchange and brokerage platform backed by Standard Chartered, has been registered as a virtual asset service provider by the Central Bank of Ireland. This registration will allow the company to enter the EU market, according to Zodia Markets Ireland CEO Michael Walsh. The approval will enable the firm to provide OTC trading and exchange services to institutional clients in the EU, and highlights the company's commitment to comply with European regulators. This move comes ahead of the implementation of the Markets in Cryptoassets Regulation in the EU, which will require the authorization and supervision of crypto asset service providers.