BitMEX Joins Zodia’s Off-Venue Settlement Network to Ease Counterparty Risk

Key Takeaways:

• Zodia Custody added BitMEX to its Interchange web successful Q1 2026 to unafraid organization trading.
• The determination reduces 100% of counterparty hazard by keeping assets successful acold retention during speech trading.
• Standard Chartered plans to merge Zodia into its interior integer plus limb aboriginal successful 2026.

Mitigating Counterparty Risk Through Asset Mirroring

Zodia Custody, the Standard Chartered-backed organization integer plus platform, has integrated cryptocurrency speech BitMEX into its Interchange off-venue colony network. The determination allows organization traders to entree BitMEX’s derivatives markets portion keeping their underlying assets secured wrong Zodia’s regulated custody environment.

According to a media statement, the integration uses collateral locking and plus mirroring, a process that ensures lawsuit funds stay successful acold retention and are lone moved during last settlement. This architecture is designed to mitigate counterparty hazard — a superior interest for Tier 1 institutions pursuing the illness of respective high-profile centralized exchanges successful caller years.

“In successfully launching BitMEX connected the Interchange network, our clients summation nonstop entree to a starring derivatives speech without compromising custody of their assets,” said Wing Cheah, caput of interchange merchandise astatine Zodia Custody. Cheah noted that the concern provides nonrecreational traders with “peace of caput that their assets stay safely successful acold retention until settlement.”

Mark Collins, caput of custody for BitMEX, said the concern reinforces the exchange’s committedness to the information and transparency required by nonrecreational planetary clients.

Strategic consolidation astatine Standard Chartered

The BitMEX integration comes astatine a pivotal infinitesimal for Zodia Custody. Reports bespeak that its bulk shareholder, Standard Chartered, is readying a large structural displacement to merge Zodia Custody with the bank’s interior integer plus division.

According to radical acquainted with the matter, the slope intends to location its assorted crypto initiatives nether a azygous umbrella wrong its firm and concern banking arm. This consolidation is expected to streamline Standard Chartered’s integer plus roadmap, which presently spans brokerage, custody and tokenization projects.

While Zodia Custody — which besides counts SBI Holdings and National Australia Bank arsenic investors — operates arsenic a standalone entity, the interior merger suggests a deeper integration of integer plus infrastructure into accepted banking workflows. It is anticipated that Zodia volition proceed to connection its software-as-a-service (SaaS) custody solutions to outer clients adjacent arsenic it becomes much cardinal to Standard Chartered’s halfway integer strategy.

The summation of BitMEX, the pioneer of the perpetual swap, marks a important liquidity boost for the Interchange network. The level has go a focal constituent for Zodia’s maturation strategy, acting arsenic a span for institutions that necessitate the liquidity of centralized exchanges but the information of third-party, bank-grade custody.

The work is presently disposable to eligible organization and nonrecreational clients done Zodia Custody Limited (UK) successful prime jurisdictions, signaling a continued propulsion for regulated marketplace infrastructure successful the archetypal fractional of 2026.