Nationwide Australia Financial institution’s strategic funding arm, NAB Ventures, has taken a stake in Zodia Custody, revealing the financial institution’s crypto technique will contain safeguarding digital property held by institutional traders relatively than launching its personal stablecoin.
NAB will be a part of British financial institution Customary Chartered, custody large Northern Belief and Japan’s SBI Holdings as traders in Zodia, which is headquartered in London and competes with Coinbase to securely retailer crypto tokens on behalf of institutional traders.
