National Australia Bank invests in Zodia Custody, a digital asset custody firm, for cryptocurrency safekeeping.
National Australia Bank (NAB) has invested in Zodia Custody, a digital asset custody firm, joining other investors such as Standard Chartered, Northern Trust, and Japan's SBI Holdings. This marks NAB's move towards institutional safekeeping of cryptocurrencies after abandoning its plans to mint its own stablecoin, AUDN. NAB tested Zodia's SAF3 platform as part of a pilot run.
June 19, 2024
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