“I think of this as the third generation of crypto custody, where multiple custodians are linked together,” he said. “For example, a client in Brazil, who is a custodian, may want to store some assets in the UK, and they’re not currently in the UK. So they could use us as their sub-custodian and use our regulatory permissions, etc. I think the multiple networks that are out there are really key in terms of linking custodians together, and linking custodians to exchanges and venues in a compliant manner.”
Source: https://www.coindesk.com/business/2023/12/04/standard-chartered-backed-zodia-custody-joins-ripple-owned-metacos-global-crypto-storage-network/?utm_medium=referral&utm_source=rss&utm_campaign=headlines