Crypto Alternate of India Wazirx will restart Alternate with Zodia CustodyAccording to the information, Wazirx is now going to partner with Zodia Custody to resume its services. Last year, Wazirx faced a large hack of $ 235 million, causing not only a huge loss to him, but also fingers on his security system. To improve this situation, Wazirx has chosen the Zodia Custody as its new custody partner, a high level institutional crypto custody service provider. Let’s know in detail about Zodia Custody.
Introduction to Zodia Custody
Zodia Custody is a major digital asset custody platform designed specifically for institutional customers. Its headquarters are located in London and are supported by several major financial institutions, including Usual Chartered, Northern Believe, SBI Holdings, Nationwide Australia Storehouse (NAB) and Emirates NBD. The Zodia Custody plans to introduce its services in the Indian market by partnered with Wazirx.
The platform of Zodia Custody has obtained a certificate of effectiveness in financial reporting, such as SoC 1 Kind I and SOC 1 KIND II. These certificates show that Zodia Custody has a high standard securities and effectiveness. In addition, the design of the Zodia Custody ensures that there is no mixture between the assets of different customers, which fully ensures transparent and security.
Key features of zodia custody
Zodia Custody is equipped with many important characteristics, which makes it a reliable name in the field of crypto and digital assets. It mainly contains the following features:
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Secure Ke-Storing: In Zodia Custody, all private HSMs ({hardware} safety modules) are stored in secure data centers. This ensures that your digital assets are always secure.
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Customized users Administration: Zodia Custody, according to the business requirements of its customers, administers users and workflows, which provides service to every client as per its convenience.
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Bank-grade control standards: The platform follows the bank-grade security standard, causing the customer assure that their assets are secure at the higher level.
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Construction of internal structure: The Zodia Custody has structures that are secure from insolvency, so that the assets are fully preserved in any difficult situation.
The Zodia Custody has already established confidence with global financial institutions, governments, crypto service providers and hedge funds. The company’s offices are in major places such as London, Dublin, Luxembourg, Sydney, Singapore, Hong Kong and Tokyo, making its global network stronger.
The future of Wazirx and the role of Zodia Custody
This partnership is very important for Crypto Exchange because last year Wazirx hack Had severely affected the security and reliability of the platform. Now, together with Zodia Custody, Wazirx is planning to provide secure, relative and institutional level custody services to its customers. This partnership will not only give Wazirx an opportunity to improve its safety systems, but it will also restore its position with a new belief in the Crypto Market.
Conclusion
Zodia Custody is an advanced and trusted digital asset custody platform, which follows the high standards of finial security and regulatory compliance. The partnership with this platform of Wazirx will not only protect the future of the Indian Crypto Exchange, but it can also become a perfect for other institutions. Now will help Wazirx to provide secure and rich digital experience to its users, which will prove to be an important step towards safety and trust in the Crypto market.
