Zodia Custody, the institution-first digital asset platform backed by heavyweights including Standard Chartered and Northern Trust, has launched Zodia Switch, a new feature developed in partnership with LMAX Group.
The solution allows institutional clients to initiate asset-to-asset swaps directly from their secure custodial wallets, effectively eliminating the need to move funds to an external venue to trade.
Custody-native trading
Zodia Switch is designed to address a specific friction point in institutional workflows: the operational risk and delay associated with transferring assets to exchanges solely to adjust portfolio exposure.
By leveraging LMAX Group’s execution venues, mutual clients can now switch between supported ERC-20 tokens—such as ETH, wrapped BTC, and stablecoins including RLUSD, USDC, and USDT—on demand.
Crucially, the process does not require pre-funding an LMAX trading account. Pricing and execution are provided by LMAX via an infrastructure layer embedded within Zodia’s platform, ensuring transparency while clients retain full governance and audit trails.
Anoosh Arevshatian, chief product officer at Zodia Custody, commented: “Institutional portfolios are becoming increasingly active and on-chain, but the infrastructure hasn’t kept pace. Zodia Switch eliminates the need to choose between security and speed. Clients can now rebalance positions, manage liquidity, and respond to market conditions instantly, all from within their custody environment.”
Deepening the partnership
The launch strengthens the existing relationship between Zodia Custody and LMAX Group. It sits within Zodia’s “Trade” pillar, complementing its “Interchange” solution for off-exchange settlement.
Jenna Wright, managing director, digital assets at LMAX Group, added: “As digital assets and tokenisation accelerate, this is the next evolution in bringing our institutional‑grade liquidity directly into client environments via a simple API. Our solution lets institutions initiate trades in any asset from their own wallets with full control, transparency and immediate access to deep global liquidity.”
This development comes as Zodia Custody continues to expand its ecosystem, backed by a shareholder roster that includes Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD.
