• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Bitcoin Price Makes History By Crossing $126,000: Options Market Forecasts Next Price Targets
Standard Chartered's Crypto Bet- Zodia Custody Targets Hong Kong's Wealthy Institutions

Standard Chartered’s Crypto Bet: Zodia Custody Targets Hong Kong’s Wealthy Institutions

Samuel Edyme
by Samuel Edyme
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Zodia Custody, a crypto-security firm owned by multinational bank Standard Chartered, has set its sights on the Asia-Pacific region, beginning with a launch in Hong Kong. This development, according to CNBC, marks a significant extension for the firm.

CEO Julian Sawyer points out that Hong Kong presents an environment where institutional demand for crypto services prevails over retail interest, aligning with Zodia’s client profile.

Related Reading: Crypto Shake-Up: Is Hong Kong’s OSL Exchange On The Market For $128 Million?

Zodia’s Asia-Pacific Expansion And Focus

In a quest to cement its presence in the Asia-Pacific, Zodia Custody has been on an expansion trail. Following forays into Japan, Singapore, and Australia, Hong Kong represents the latest and final destination in Zodia’s current regional roadmap, according to CEO Julian Sawyer.

Sawyer noted the company’s observation of a clear desire among clients across these markets to engage with digital assets. The CEO stated:

What we’re seeing is there are absolutely clients in all of those four markets who want to do things. We also see a lot of other clients and prospects outside those four jurisdictions that want to come in on the institutional side.

Furthermore, according to CNBC, Zodia is initiating its services by catering to local clients with a limited selection of crypto.

In addition, the custody is in active discussions with Hong Kong’s regulatory bodies, including the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), to navigate the territory’s regulatory landscape.

The Battle For Hong Kong’s Crypto Dominance Heats Up

Notably, Hong Kong’s crypto landscape appears to be fast becoming a hotbed for major financial players, and it’s not just Standard Chartered’s Zodia Custody making strategic moves.

The region also seems to be attracting other global giants, with Binance reportedly positioning itself as a key player in Hong Kong’s crypto market.

As noted by Bitcoinist, citing insights from the South China Morning Post, Binance may be orchestrating a play in Hong Kong through HKVAEX, a new crypto trading platform. Despite HKVAEX’s claims of independence under BX Services Limited, it reportedly shares key resources with Binance, notably its servers for data retrieval.

While Binance maintains that “HKVAEX is not part of the Binance Group of companies,” the distinctions in terminology are worth paying attention to. The local news media highlighted that the term “Binance group,” as defined in their service terms, pertains to its digital asset trading ecosystem.

Related Reading: Is Binance About Dominating Hong Kong’s Crypto Scene? The Truth About HKVAEX

This is distinct from “Binance Affiliates,” which could imply a broader, less direct relationship. The South China Morning Post further disclosed this nuance. It noted the benefits an independent exchange in Hong Kong could offer Binance, especially as the company navigates through legal and liquidity challenges in other global markets.

The global crypto market cap value on TradingView
The global crypto market cap value on the 1-day chart. Source: Crypto TOTAL Market Cap on TradingView.com

Featured image from Unsplash, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Samuel Edyme

Samuel Edyme

Follow

Edyme is a writer, a content writer that specialises in writing about the crypto realm. Asides Bitcoinist and NewsBTC, Edyme's writing has been featured in top sites such as Blockchain.News, CoinMonk, Blockchain Reporter, Bitcoin Insider among others.

Full Profile

Related Posts

Bitcoin

‘Rugged’ By Gold? Economist Thinks Bitcoin’s Glory Days May Be Numbered

3 hours ago
crypto

2,700 Crypto Rigs Seized: Russia Launches Biggest Mining Raid Of The Year

12 hours ago
Cardano Price Prediction, a DeepSeek Analysis & Best Crypto to Buy Recommendation

Cardano Price Prediction, a DeepSeek Analysis & Best Crypto to Buy Recommendation

14 hours ago
BNB Turns Viral & Surpasses XRP as Best Meme Coins like Maxi Doge Explode

BNB Turns Viral & Surpasses XRP as Best Meme Coins like Maxi Doge Explode

16 hours ago
SEC Brings Crypto Innovation Exemptions: $HYPER Benefits

SEC Brings Crypto Innovation Exemptions: $HYPER Benefits

17 hours ago
S&P Global’s New Crypto Index Sparks Investor Interest — Here Are the Best Altcoins to Buy Now

S&P Global’s New Crypto Index Sparks Investor Interest — Here Are the Best Altcoins to Buy Now

18 hours ago

Premium Sponsors

Press Releases

  • ...

    18 hours ago
  • Your Chance to Win Up to 10% Deposit Bonus and Up to 21K $USDT Bonus Prizes at KCEX

    Your Chance to Win Up to 10% Deposit Bonus and Up to 21K...

    22 hours ago
  • 分析師稱 FARTCOIN 有望暴漲...

    22 hours ago
  • Fleet Asset Management Group Brings the Power of Cloud Crypto Mining in a Low-Carbon Package.

    Fleet Asset Management Group Brings the Power of Cloud...

    2 days ago
  • The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

    The Quiet Market Shift Investors Might Be Missing: How...

    6 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.