Zodia Custody Completes Acquisition of UAE Digital Asset Custodian Tungsten Custody Solutions

On July 2, Finance Feeds reported that digital asset custody service provider Zodia Custody has completed the acquisition of Tungsten Custody Solutions, a digital asset custody institution in the United Arab Emirates. Through this transaction, Zodia Custody has obtained a Financial Services Regulatory Authority license under the Abu Dhabi Global Market framework, as well as an initial approval certificate from the Dubai Virtual Assets Regulatory Authority, and will continue to advance towards obtaining a full Virtual Asset Service Provider license. Tungsten Custody was incubated by Abu Dhabi digital asset investment company Further Ventures. As part of the transaction, Further Ventures will join Zodia Custody's list of shareholders and continue to provide regional network and regulatory expertise. Zodia Custody's investors include Standard Chartered Ventures, Emirates NBD, Northern Trust, SBI Holdings, and National Australia Bank Ventures. [深潮 TechFlow]