Zodia Custody, a leading institutional digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has announced a partnership with Solidus Labs, a pioneer in crypto-native compliance and security solutions. This collaboration will enhance Zodia Custody’s transaction monitoring capabilities, providing comprehensive coverage for both on-chain and off-chain transactions. This strategic move is aimed at optimizing Zodia’s ability to detect and mitigate financial crime risks.
Solidus Labs’ advanced transaction monitoring solution integrates machine learning and behavioral analytics across fiat and digital asset transactions, delivering real-time detection of suspicious activities such as fraud, market manipulation, and money laundering. The system’s asset-agnostic architecture offers Zodia Custody the flexibility to monitor multiple blockchains, allowing for early identification of risks while minimizing false positives.
In a digital asset ecosystem where innovation is constant, robust financial crime controls are critical. With frameworks like the EU’s Markets in Crypto-Assets Regulation (MiCA) providing regulatory clarity, Zodia Custody’s use of Solidus Labs’ cutting-edge technology strengthens its compliance efforts, ensuring the company remains a trusted partner for institutional investors.
Mike Sadarangani, Group Head of Financial Crime Compliance at Zodia Custody, emphasized the importance of this partnership, stating, “Financial crime detection and prevention are essential to fostering innovation in the digital asset space. Our collaboration with Solidus Labs further enhances our risk-based approach to transaction monitoring, keeping us ahead of regulatory requirements and in line with the high standards expected by institutional investors.”
Solidus Labs’ CEO and Founder, Asaf Meir, also highlighted the alignment between the two companies, stating, “Zodia Custody’s commitment to compliance fits perfectly with Solidus Labs’ mission to ensure safe and secure digital asset trading. Our technology will empower Zodia to detect anomalies in real-time, strengthening its leadership in the digital asset space.”
Solidus Labs’ HALO Transaction Monitoring module enables Zodia Custody to integrate on-chain activity with traditional off-chain monitoring, providing a comprehensive view of customer behavior and adding an extra layer of security for institutional clients.
