Notably, that is the primary time a digital asset buying and selling enterprise supported by a number one financial institution has been registered by the FCA.
Zodia Markets operates as a crypto trade platform that gives shoppers with digital buying and selling companies. The fintech and ventures department of Commonplace Chartered financial institution, SC Ventures, established Zodia Markets in 2021 in alliance with BC Know-how Group, which manages Asian digital property platform OSL.
Head of SC Ventures, Alex Manson said: “Combining OSL’s deep experience in working regulatory compliant digital asset companies and cutting-edge expertise, with the financial institution’s governance, regulatory oversight, and frontier markets expertise, Zodia Markets is in prime place to offer safe, dependable and compliant entry to digital property for its institutional shopper base.”
Zodia Markets CEO, Usman Ahmad commented: “While the digital asset markets have lately seen volatility and downward stress, adoption continues unabated, with establishments coming into the market at speedy tempo…the FCA registration is a testomony to our dedication to the very best requirements of compliance.”
Earlier this yr, Commonplace Chartered invested within the Metaverse’s digital economic system together with different main monetary establishments JP Morgan and HSBC.
,The Monetary Conduct Authority (FCA) has authorised crypto brokerage Zodia Market’s registration utility on the UK Monetary Providers Register, permitting the Commonplace Chartered-backed enterprise to formally launch.,
