Zodia Custody Secures MiCA License for EU Operations

Zodia Custody has received a Markets in Crypto Assets (MiCA) license from Luxembourg's financial regulator, enabling the company to provide digital asset custody services throughout the European Union.

The Commission de Surveillance du Secteur Financier granted the MiCA authorization to Zodia Custody Europe, allowing the firm to operate as a regulated crypto service provider with recognition across all EU member states, according to a December 12 announcement.

Zodia Custody's shareholders include major financial institutions Standard Chartered, National Australia Bank, Northern Trust, SBI Holdings, and Emirates NBD. The company positions itself as an institution-focused digital asset service provider.

Sophie Bowler, chief risk and compliance officer at Zodia Custody, described the Luxembourg approval as a significant achievement that demonstrates the company's dedication to providing licensed custody solutions for institutional clients.

Leadership Expands

The firm also announced Daniel Soriano's appointment as an authorized manager in its Luxembourg office, joining managing director Ami Nagata in the leadership team. Soriano brings experience from European technology institutions that aligns with Zodia's risk management approach, according to the company.

Zodia Custody currently holds registrations and authorizations from several regulators globally, including the UK's Financial Conduct Authority, Central Bank of Ireland, ADGM Financial Services Regulatory Authority, and Hong Kong Companies Registry.

Nagata said the CSSF authorization reinforces Zodia Custody's focus on regulatory compliance across its operating markets and will support the company's ability to serve European clients under its licensed framework.

The company stated it continues engaging with regulators worldwide both to obtain additional licenses and to participate in shaping digital asset regulatory frameworks.