Zodia Custody, a crypto subsidiary of British bank Standard Chartered, is set to roll out its crypto storage services in Hong Kong, following the region’s recent introduction of a new licensing system. 

The expansion signifies the UK-based company’s growing presence in the Asia Pacific area.

Zodia Custody’s CEO Julian Sawyer said that Hong Kong’s crypto demand, which is primarily from institutions rather than retail users, aligns well with the firm’s offerings, CNBC reported on Sunday.

Having already established operations in Singapore, Japan and Australia, Hong Kong completes the company’s expansion throughout the Asia Pacific, he said.

Blockworks has reached out to Zodia…

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