Metrika and Zodia Custody Collaborate on Managing Risks of Digital Assets
Zodia Custody, a prominent digital asset custodian focused on institutional clients, has formed a partnership with Metrika, a leading risk management platform for digital assets. As the adoption of digital assets and blockchain technology continues to grow, effectively addressing and managing associated risks becomes increasingly crucial. Metrika specializes in helping financial institutions navigate the complexities of blockchain technology by incorporating traditional finance risk management concepts and tailoring them to the unique characteristics of digital assets. Their platform automates risk assessment and compliance processes, streamlining operations and allowing teams to prioritize strategic initiatives. With robust risk management frameworks and continuous monitoring in place, institutions can demonstrate their commitment to risk mitigation and compliance, earning trust and credibility from stakeholders.
Anoosh Arevshatian, Chief Risk Officer of Zodia Custody, expressed enthusiasm about the partnership, stating that collaborating with a like-minded partner such as Metrika is the logical next step to enhance the risk management capabilities of the digital asset industry. He emphasized that their combined expertise on security, compliance, and risk management will provide a powerful advantage for institutions looking to enter and participate in the space, offering the reassurance and peace of mind of working with institutional-grade standards.
Nikos Andrikogiannopoulos, Founder & CEO of Metrika, shared his excitement about the partnership as well, highlighting Zodia Custody’s unparalleled expertise in secure digital asset storage and management. He stated that the collaboration underscores their shared commitment to delivering best-in-class risk management for digital assets. By combining Zodia Custody’s industry-leading custody infrastructure with Metrika’s continuous risk monitoring and effective management, they significantly enhance the value proposition for institutional clients.
Both Metrika and Zodia Custody will be discussing their partnership and the future of digital asset risk management at the Point Zero Forum workshop session titled “Navigating the Future of Digital Asset Risk Management” in Zurich, Switzerland, on July 2. The workshop aims to explore the complexities of managing risks associated with digital assets, regulatory trends, technological advancements like artificial intelligence, and industry best practices.
About Zodia Custody:
Zodia Custody is the primary institution-first digital asset custodian supported by Standard Chartered, in collaboration with Northern Trust, SBI Holdings, and National Australia Bank. It enables institutional investors worldwide to fully realize the potential of the digital asset future in a simple, secure, and uncompromising manner. By combining cutting-edge technology, custody, governance, and compliance, Zodia Custody meets the complex needs of institutional investors.
Zodia Custody adheres to the requirements of the 5AMLD and follows the same standards as Standard Chartered regarding anti-money laundering (AML), financial crime compliance (FCC), and know your customer (KYC) regulations. It also complies with the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the Financial Conduct Authority (FCA) as a crypto asset business under the Money Laundering, Terrorist Financing, and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a Virtual Asset Service Provider (VASP) under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody Limited is registered with the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a Virtual Asset Service Provider in accordance with Article 7-1(2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended. Zodia Custody (Hong Kong) Limited is registered with the Registry for Trust and Company Service Provider under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), Cap. 615, with License Number TC009245, for its custodial activities in digital assets.
About Metrika:
Metrika is the leading provider of blockchain risk management solutions, enabling proactive risk assessment and compliance for digital asset services. They help companies implement strategic risk frameworks, navigate regulatory compliance, and safeguard operations through ongoing monitoring and surveillance. To learn more, visit www.metrika.co.
Contact:
Rich Went
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