Zodia Custody Secures Payment Institution License
Zodia Custody has successfully obtained a Payment Institution license from Luxembourg’s financial oversight authority, the Commission de Surveillance du Secteur Financier (CSSF). This strategic move enables the company to broaden its scope of services related to stablecoins throughout the European Union, complementing its existing MiCA Crypto-Asset Service Provider license, which it received in December 2025.
Enhanced Services and Regulatory Compliance
The newly acquired license allows Zodia Custody (Europe) S.A. to manage Electronic Money Tokens (EMTs), a classification of stablecoins endorsed by the EU under its Markets in Crypto-Assets regulations.
With this dual licensing framework, Zodia aims to provide enhanced institutional custody options and facilitate the transfer of EMTs in a regulated manner throughout the EU, ultimately helping to eliminate the reliance on multiple service providers for custody and transaction services.
Leadership Insights
Ami Nagata, Managing Director for Zodia Custody in Luxembourg, emphasized the significance of this development, stating, “By securing the Payment Institution license alongside our MiCA CASP authorization, we are enhancing our capabilities in safeguarding crypto assets. Our clients can confidently manage their strategies involving EMTs and other crypto assets with the assurance that their assets are held in a secure, bank-grade environment.”
Institutional Backing and Future Plans
Zodia Custody, established in 2020, is backed by a range of institutional investors, including major financial names like Standard Chartered, SBI Holdings, and National Australia Bank. The financial institution Standard Chartered is currently working on integrating Zodia’s operations into its own digital asset services, aiming to streamline custody operations and enhance efficiency.
Reports indicate that Zodia’s regulatory custody functions are set to be incorporated into Standard Chartered’s wider digital asset custody business, with the expectation that it will also continue offering select services as a white-label platform for banks and fintechs.
Global Expansion and Competitive Landscape
As part of its ongoing expansion, Zodia Custody is not only fortifying its presence within the European landscape but is also maintaining regulatory approvals in other regions including the UK, UAE, Hong Kong, Singapore, and Australia. The Luxembourg authorization is a significant addition, highlighting the growing competition among institutional crypto custody services as the demand for robust digital asset infrastructure increases, particularly regarding stablecoins and their importance in areas like liquidity management and treasury operations.
