Standard Chartered-Backed Zodia Markets Receives FCA Crypto Registration, Launches Institutional Exchanges and Brokerage in UK and EU

LONDON, July 28, 2022 /PRNewswire/ — Zodia Markets, a Standard Chartered-backed UK-based institutional crypto exchange and brokerage, announced today that it has received cryptoasset registration from the UK Financial Conduct Authority (FCA) and its institutional crypto exchange and brokerage has officially started business.

The registration of Zodia Markets is the first time that a crypto trading company, backed by a leading international bank, has been admitted to the UK Financial Services Register by the FCA.

CEO of Zodia Markets, Usman Ahmed said, “While digital asset markets have seen volatility and downward pressure recently, adoption continues unabated, with institutions entering the market at a rapid pace. At Zodia Markets, our mission is to be the most trusted trading partner for institutional participants as they master this rapidly evolving asset class.“

“With our highly experienced team of professionals from both the digital assets and traditional finance space, and by offering the highest standards of security, risk and compliance from the start, we meet the needs of institutions looking for a credible and reliable Find trading partners for cryptoassets. FCA registration is a testament to our commitment to the highest standards of compliance.”

Zodia Markets was founded in June 2021 as a partnership between SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and BC Technology Group (stock code: 863 HK), Asia leading digital asset company and parent company of the Hong Kong Securities and Futures Commission (SFC) licensed digital asset platform OSL.

Head of SC Ventures, Alex Manson said: “By combining OSL’s deep expertise in operating regulatory compliant digital asset businesses and cutting-edge technology with the bank’s governance, regulatory oversight and experience in frontier markets, Zodia Markets is in the best position to provide secure, reliable and compliant access on digital assets for its institutional client base.”

The Zodia Markets exchange platform allows clients to connect to a high-throughput, low-latency matching engine via FIX API connectivity, using the same standards as electronic trading for traditional equities, forex or fixed income.

Zodia Markets brokerage offers a bespoke institutional level service through its wide range of experienced traders, operational staff and industry–leading products, including Electronic Request for Quotation (iRFQ).

Zodia Markets works with quality third party custodians, including Standard Chartered powered Zodia Custody, to support its trading activities, providing clearly separated responsibilities.

Zodia Markets

Zodia Markets is an institutional trading venue and broker that provides expert navigation of the digital asset markets. It is a partnership between SC Ventures, Standard Chartered’s innovation and ventures arm, and BC Technology Group (stock code: 863 HK), Asia leading digital asset company and parent company of the Hong Kong Securities and Futures Commission (SFC) licensed digital asset platform OSL.

Zodia Markets offers execution suitable for institutional clients, including broker-assisted facilitation for executing large orders and a high-throughput, low-latency trading venue. The company provides access to key digital asset and fiat pairs while ensuring compliance and security.

Standard Chartered

Standard Chartered is a leading international banking group with a presence in 59 of the world’s most dynamic markets and serving clients in a further 85. Our purpose is to fuel commerce and prosperity through our unique diversity, and our heritage and values ​​are expressed in our brand promises, here forever.

Standard Chartered PLC is listed on the London and the Hong Kong stock exchanges.

For more stories and expert opinions, visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.

BC Technology Group and OSL

BC Technology Group (stock code: HK 863). Asia leading public fintech and digital asset company. It is the parent company of OSL, the region’s most comprehensive licensed digital asset platform.

OSL is the world’s first and only insured and SFC-licensed digital asset platform, providing brokerage, custody, exchange and SaaS services to institutional clients and professional investors. The company offers OTC, iRFQ and electronic trading services that provide traders with access to the world’s deepest liquidity pools and secure and insured wallets to ensure safekeeping of digital assets with timely transaction processing.

BC Group and the OSL platform enable institutional adoption of the digital asset class and set standards for performance, security and compliance.

For more information: bc.group and osl.com.

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Christopher Flame, Account Director
[email protected]

SOURCE Zodia Markets

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