National Australia Bank’s Venture Arm Invests in Crypto-Focused Zodia Custody
Summary
National Australia Bank's venture arm, NAB Ventures, has invested in Zodia Custody, a platform for safekeeping cryptocurrency and digital assets. The investment supports Zodia's expansion into Australia, where it began operations in late 2023. The amount invested was not disclosed. Zodia Custody is preparing to onboard Australia's digital asset exchanges, many of which are moving assets onto the platform in anticipation of stricter regulations in 2025. The firm also aims to be the preferred custodian for anticipated digital asset ETFs awaiting approval from the ASX.
