Standard Chartered-backed Zodia gains Irelands’s Nod for EU crypto services
With Ireland’s approval, Zodia can now offer over-the-counter trading and exchange services to institutional clients in the European Union. Zodia Markets, a crypto brokerage and exchange backed by Standard Chartered and OSL, has been approved by the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). It clears the path for the firm for EU expansion. In an interview with Financial Times, Zodia chief executive Michael Walsh said the registration would help the firm achieve its goals by acting as a “launchpad” to enter the European market. The news comes just a few months after Zodia secured an in-principle approval from the Abu Dhabi Global Market to offer regional services . You might also like: Standard Chartered-backed Zodia goes green, joins UK’s Tech Zero The Zodia CEO added in a blog post the firm sees “significant opportunity and demand” for its products as the European Union’s Markets in Crypto Assets r...