UAE Bank invests in Zodia Custody to embrace crypto trend

Emirates NBD has invested in Zodia Custody, a cryptocurrency custody service under Standard Chartered, to expand its digital asset offerings in the UAE.

While the exact amount of the investment remains undisclosed, the collaboration aims to enhance Zodia Custody's operations and help bridge the gap between traditional financial services and the growing digital asset market.

Zodia Custody is recognised for its secure, compliant solutions for digital asset storage.

This partnership will allow Zodia to leverage Emirates NBD's regional presence and further develop its services, especially in the fast-growing UAE market.

The move highlights the increasing interest from established financial institutions in integrating digital assets into their services.

By investing in Zodia Custody, Emirates NBD is positioning itself to offer institutional clients seamless access to the expanding world of digital assets.

This strategic investment is also in line with the UAE’s goal of becoming a key hub for digital finance.

The country has been actively pursuing partnerships and investments in financial technologies to stay at the forefront of global digital asset adoption.

As more financial institutions recognise the value of blockchain and digital assets, Emirates NBD’s support for Zodia Custody reflects the increasing convergence of traditional finance with emerging technologies.

The partnership aims to strengthen the digital finance landscape in the UAE, fostering growth and innovation.

“The collaboration is expected to bridge the gap between traditional financial services and institutional digital assets in the region,” according to reports.