Zodia Markets, a UK-based cryptoasset exchange and brokerage for institutional clients backed by Standard Chartered, has received cryptoasset registration from the UK Financial Conduct Authority (FCA) and has officially launched its institutional crypto exchange and brokerage business. Zodia Markets’ registration marks the first time a crypto trading business backed by a leading international bank has been listed by the FCA on the UK’s Financial Services Register.
Zodia Markets was established in 2021 as a partnership between SC Ventures, the innovation, fintech investment and ventures arm of Standard Chartered, and BC Technology Group, an Asian digital asset company and parent of Hong Kong Securities and Futures Commission-licensed digital asset platform, OSL.
Zodia Markets’ exchange platform allows clients to connect to a high-throughput, low-latency matching engine through FIX API connectivity, leveraging the same standards as electronic trading for traditional equities, FX or fixed income. Zodia Markets partners with high-quality third-party custodians, including Standard Chartered-backed Zodia Custody, to support its trading activities, providing clearly segregated responsibilities.