This collaboration aims to increase liquidity in the crypto ecosystem and ensure operational security. At the same time, it is aimed to minimize the risks that led to the bankruptcies of major crypto companies, especially Celsius, FTX and BlockFi, following the major collapses in previous years.

This new collaboration between Zodia Custody and Algoz will allow Algoz’s customers to safely store their crypto in Zodia Custody’s dedicated cold storage solutions.

These custody solutions aim to offer significant security to investors by minimizing asset freezing and losses in the crypto market.

Zodia Custody notes that, unlike standard custody services, funds held in wallets can be withdrawn “without a lock-up period.” This provides a great advantage to investors, especially after major crashes and financial losses in the crypto industry.

Julian Sawyer, CEO of Zodia Custody, said the following about the advantages of this collaboration:

“Using Interchange, our off-venue settlement solution, and Algoz’s Quant Pro, we are increasing the efficiency and security of institutions in trading digital assets. “This level of efficiency and safety cannot be found anywhere else.”

These statements by Sawyer aim to bring new standards in the safe management and storage of crypto assets. Advanced security solutions allow investors to feel safer with their assets and aim to reduce existing risks in the industry.

This collaboration is considered part of the trend of indirect crypto exposure following high-profile bankruptcies in the crypto market. 2022 has witnessed major bankruptcies, with many crypto investors unable to access their funds. This situation has increased the need for safe and transparent solutions in the industry.

In this context, Zodia Custody previously cooperated with the Deribit crypto exchange, offering corporate customers the opportunity to keep their assets securely in segregated cold wallets. Such collaborations are seen as part of a broader trend in the crypto world to increase risk management and security.

Other major players in the crypto industry are taking similar steps. For example, companies such as Fireblocks have developed solutions that support startups by offering blockchain-based tools and key management systems.

Such tools allow users to maintain direct control over their digital assets and make risk management more effective. The transparency and security features provided by blockchain technology play an important role in offering better protection to investors.

The collaboration of Zodia Custody and Algoz represents an important step towards increasing security and liquidity in the crypto world. The partnership is part of a broader trend to raise risk management and security standards in the wake of major crashes in the industry.

Following the fluctuations in the crypto market, the aim is to provide safer and transparent solutions to investors and institutions. Such initiatives stand out as important steps towards rebuilding trust in the crypto world and aim to reduce overall risks in the sector.