Crypto manager CoinShares joins forces with Zodia Custody and LMAX Digital

The European digital asset manager CoinShares will leverage the trading and custody solutions of LMAX Digital and Zodia Custody to offer a product suite “institutional quality”.

CoinShares, LMAX Digital and Zodia Custody jointly announced on Wednesday that they have entered into a partnership to enable CoinShares to offer “best in class” trading and custody services for digital assets and for institutional investors.

LMAX Digital by @LMAX has partnered with @ZodiaCustody to offer institutional-grade trading infrastructure and custody solutions via Zodia Interchange, to European leading alternative asset manager @CoinSharesCo.#WithoutCompromise #ZodiaInterchange #DigitalAssets pic.twitter.com/JwHUiIqBtG

– Zodia (@ZodiaCustody) May 17, 2023

The new services offered by Coinshares will therefore rely on the Interchange over-the-counter settlement solution from Zodia Custody, a subsidiary of Standard Chartered Bank, as well as the trading capabilities of LMAX Digital.

CoinShares’ DNA promotes increased security and transparency through collaboration with regulated market participants. This joint effort with Zodia Custody and LMAX Digital is part of our long-term strategy. We are committed to shaping a gold standard for digital asset management,” said Jean-Marie Mognetti, CoinShares’ CEO.

The association comes as investors seek to reduce concentration risk and implement more robust measures for asset safety, according to a release.

“The digital assets market must evolve. Investors are demanding more assurance and rigor across the ecosystem. Interchange is our answer to how we can help the market address these concerns. Our collaboration with LMAX Digital and CoinShares is indicative of how the ecosystem can mature,” commented Julian Sawyer, the new CEO of Zodia Custody.

The institutional would now have less appetite for crypto according to a recent Goldman Sachs survey of family offices.

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