Zodiac Partners with Deribit

 Crypto custodian Zodia Custody has announced a new partnership with the crypto exchange Deribit, allowing institutional clients to access market derivatives liquidity while keeping their assets in segregated cold wallets. This move expands Zodia Custody’s Interchange network, which offers off-venue settlement solutions for institutional and high-volume traders.

In a July 30 announcement, Zodia revealed that Deribit will be integrated into its Interchange network. James Harris, Zodia Custody’s Chief Commercial Officer, emphasized that the collaboration provides a "distinct market advantage" by enabling "seamless trading while keeping assets secure." This development follows a recent funding boost from Australia’s largest bank, which strengthens Zodia's position in the institutional digital asset custody space.

As previously reported by Crypto.news, Zodia Custody raised new capital from NAB Ventures, the venture capital arm of National Australia Bank, one of Australia’s largest financial institutions. With this support, Zodia Custody is now backed by four major global financial institutions, including Standard Chartered, Northern Trust, and SBI Holdings. The custodian plans to use the new funds to accelerate its expansion efforts in Australia, particularly in onboarding local digital asset exchanges in anticipation of regulatory changes by 2025.