Zodia Custody, a digital asset custodian backed by major banks, has secured an equity stake investment from NAB Ventures, the venture arm of National Australia Bank (NAB). The sum was not disclosed.

This investment sees NAB joining Zodia Custody‘s other major financial backers such as Standard Chartered, Northern Trust, and SBI Holdings.

NAB Ventures’ involvement underscores the potential Zodia Custody holds in providing a secure foundation for the digital asset ecosystem both in Australia and globally.

This follows Zodia Custody’s establishment of Australian operations in late 2023, marking a strategic expansion into the APAC region.

With this investment, Zodia Custody aims to onboard Australian digital asset exchanges, many of whom are moving assets onto the Zodia Custody platform in preparation for stricter regulatory requirements anticipated in 2025.

The custodian is also positioning itself as the preferred choice for applicants of prospective digital asset ETFs awaiting approval from the Australian Securities Exchange (ASX).

“Incoming regulations will significantly change the landscape, similar to what we have seen in Hong Kong and Japan. This likely includes the segregation of assets, and requirements to hold them in cold storage — areas we are already way ahead of the curve on, having built our custody model on these principles while ensuring real-time access to move at the speed of the market and the highest levels of security.

 

Combined with the prospect of digital asset ETFs, Australia is set to enter an unprecedented period of innovation and adoption. We are here and ready to support institutions on that journey.”

said Julian Sawyer, CEO, Zodia Custody.

“As a trusted financial institution, NAB is focused on ensuring the finance sector continues to provide simple, safe and secure services for Australians. This is particularly important in newer fields where technology continues to evolve quickly.

 

NAB Venture’s investment in Zodia was based on a range of factors including their innovative approach, institution-grade safety and strong work with regulators. We look forward to seeing Zodia Custody drive further innovation in the digital assets space.”

said Amanda Angelini, Managing Director, NAB Ventures.