Zodia Custody secures Luxembourg licence
Analysis based on 10 articles · First reported Jun 09, 2026 · Last updated Jun 09, 2026
The approval of the Payment Institution licence for Zodia Custody in Luxembourg is positive for the cryptocurrency and financial services industries, as it enhances regulated infrastructure for stablecoins in the European Union. This development, coupled with Standard Chartered's integration of Zodia Custody, is expected to reduce operational fragmentation and counterparty risks for institutional clients, potentially increasing institutional adoption of digital assets.
Zodia Custody, backed by Standard Chartered and other major banks, has secured a Payment Institution licence from Luxembourg's Luxembourg — Commission de Surveillance du Secteur Financier (CSSF). This new authorization allows Zodia Custody to offer regulated custody and transfer services for Electronic Money Tokens (stablecoins) across the European Union, complementing its existing MiCA Crypto-Asset Service Provider licence. The dual-licence structure aims to provide institutional clients with a unified and secure framework for managing crypto assets and stablecoins, reducing operational complexities and counterparty exposure. This development occurs as Standard Chartered moves to integrate Zodia Custody's operations into its own digital asset business, further solidifying its footprint in the digital finance sector.
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