Apex Group Ltd. (“Apex Group”), a leading global financial services provider, plans to expand its digital asset servicing capabilities through a new collaboration between the European Depositary Bank (“EDB”), an Apex Group company, and Zodia Custody, the institution-first digital assets platform with shareholders and investors including Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD.
The initiative, subject to the relevant regulatory approvals for EDB across Luxembourg (CSSF), Ireland (CBI) and Malta (MFSA), will support the development of a trusted digital sub-custody service to meet growing client demand for secure and compliant access to digital assets, without requiring institutions to build parallel infrastructure from the ground up.
EDB selected Zodia Custody’s ‘Solutions’ offering following a comprehensive RFP and RFI process that evaluated leading providers across the digital asset ecosystem. The assessment prioritised institutional resilience, regulatory readiness, technological robustness and the ability to scale across key jurisdictions. Zodia Custody’s compliance-led framework and institution-focused infrastructure aligned closely with these requirements, positioning it strongly through the selection process.
Trusted by financial institutions, Zodia Custody’s Solutions offering, provides institutional-grade custody infrastructure that integrates directly into existing operating models. Designed to embed governance, security and regulatory standards by default, the platform enables institutions to extend their service offering under their own framework while benefiting from established technology, regulatory alignment and market connectivity.
The planned collaboration strengthens Apex Group’s digital asset strategy by anchoring its future offering in secure digital custody. It also supports EDB’s work to secure the permissions required to act as a digital asset custodian. Once integrated, Zodia Custody’s platform and Apex Group’s depositary and administration services will allow clients to access digital assets through a single, integrated provider – reducing operational complexity, accelerating time to market and enabling institutions to extend digital asset services without building parallel infrastructure from the ground up.
David Rhydderch, Global Head of Financial Solutions at Apex Group, commented:
“Our clients want access to digital assets in a way that is secure, transparent and aligned with regulatory expectations. Zodia Custody brings an institutional standard of custody that complements our model and supports the service we aim to build. This planned collaboration positions us to support clients as the digital asset market moves further into a regulated environment.”
Craig Perrin, Managing Director FI Solutions at Zodia Custody, said:
“For digital assets to move to the mainstream of institutional finance, the technology and capabilities supporting them must meet the standards of traditional custody. Sub-custody is not just an extension of capability, it is a key enabler that allows financial institutions to participate without redesigning their operating model from scratch.
Through our collaboration with EDB, we are enabling a trusted digital sub-custody model that integrates established depositary and fund administration frameworks. This approach provides institutions with greater certainty, strong safeguards for investors and a clearer pathway for digital assets to operate within the core architecture of global financial markets.”
Newsroom
Apex Group: media@apexgroup.com
Zodia Custody: louisa.schepers@zodia.io
About Apex Group
Apex Group is dedicated to driving positive change in financial services while supporting the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the industry through its investment in innovation and talent.
Today, Apex Group sets the pace in fund and asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.
Apex Group leads the industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands.
The Apex Foundation, a not-for-profit entity, is the Group’s passionate commitment to empower sustainable change.
About Zodia Custody
Zodia Custody is an institution-first digital assets platform with key shareholders including Standard Chartered, in association with Northern Trust, SBI Holdings, Emirates NBD, and National Australia Bank.
Through the combination of its custody, treasury, and settlement solutions, Zodia Custody enables institutional investors around the globe to realise the full potential of the digital assets future – simply, safely, and without compromise.
This material is for information only and does not constitute an offer, solicitation, investment advice or a recommendation. Service availability and regulatory status vary by entity and jurisdiction. Services are provided by the relevant Zodia Custody group entity, as applicable:
- Zodia Custody (Europe) S.A. (Luxembourg, RCS Company No. B289268) is regulated in Luxembourg by the CSSF under the Markets in Crypto Assets Regulation (MiCAR) with reference number N00000006.
- Zodia Abu Dhabi, operating as Tungsten Custody Solutions Ltd (ADGM, Company No. 13952) is regulated by the ADGM FSRA with Financial Services Permission Number 220129.
- Zodia Custody Limited (England and Wales, Company No. 12418687) is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 with Firm Reference Number 928347.
- Zodia Custody (Singapore) Pte. Ltd. (Singapore, Company No. 202339517D) is not licensed under the PS Act but is permitted to provide payment services under the expanded scope of the MAS PS Act introduced by the Payment Services (Amendment) Act 2021, provided it continues to meet the conditions of the temporary exemption.
- Zodia Custody Australia Pty Ltd (Australia, Company No. 672775012) has applied for the Australian Financial Services License (AFSL) with ASIC.
- Zodia Custody (Hong Kong) Limited (Hong Kong, Company No. 75718195) is registered with the Registry for Trust and Company Service Providers under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), Cap. 615 in respect of its custodial activities in digital assets with License Number TC009245.
For further information on Zodia Custody, please visit: https://zodia-custody.com/
