Zodia Custody, the institution-first digital assets platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, has announced a strategic expansion of its partnership with Deribit.
The move introduces fully automated, rulebook-governed off-exchange settlement through Zodia Custody’s Interchange network.
It is aimed at reducing risk and enhancing transparency for institutional participants trading crypto derivatives at scale.
“Interchange was built to give institutions the confidence to trade and deploy capital without surrendering custody of their assets,” said Anoosh Arevshatian, Chief Product Officer at Zodia Custody.
The integration replaces manual settlement processes with end-to-end automation, governed by the Interchange Rulebook and enforced by an on-chain delivery-versus-payment engine.
This ensures transfers only occur when both sides of a trade meet settlement conditions, significantly reducing counterparty risk.
Deribit users leveraging Zodia Custody will now benefit from intraday net batch settlements, automatic gas fee handling, and balances reflected directly in their nominated wallets.
Assets remain in Zodia’s cold, air-gapped custody until settlement, with vaults segregated per client and venue, and all movements verifiable on-chain.
Jean-David Péquignot, Chief Commercial Officer of Deribit by Coinbase, added: “This expanded work with Zodia Custody represents another significant step in providing our clients with automated, secure settlement capabilities while maintaining the deep liquidity and trading experience Deribit is known for.”
