Zodia Custody secures Luxembourg payment institution license to expand EU stablecoin services

<p>Zodia Custody has secured a payment institution license from Luxembourg's Commission de Surveillance du Secteur Financier, enabling it to provide regulated custody and transfer services for Electronic Money Tokens, or stablecoins, across the European Union.</p>

<p>The approval adds to Zodia Custody’s existing MiCA license and extends its institutional digital asset offering as stablecoins gain a larger role in settlement, liquidity, and treasury operations, the company said in a statement shared with The Block on Tuesday. </p>

<p>Zodia Custody said the two licences together remove structural barriers and counterparty risks associated with fragmented service providers.

The ability to custody and transfer Electronic Money Tokens, the company said, will become a baseline requirement for digital asset infrastructure providers. </p>

<p>Launched in 2020, Zodia Custody is an institutional-focused digital asset platform backed by shareholders including Standard Chartered, Northern Trust, SBI Holdings, Emirates NBD, and National Australia Bank. </p>