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The Luxembourg license expands the company's global regulatory credentials.
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Standard Chartered-backed Zodia Custody has secured a Payment Institution license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) to expand its regulated services to include the custody and transfer of Electronic Money Tokens (EMTs), or stablecoins, according to a Tuesday statement.
The approval complements the company’s existing MiCA Crypto-Asset Service Provider (CASP) license and enhances its ability to serve institutional clients across the European Union.
