Zodia, the institutional cryptocurrency custody platform co-owned by Standard Chartered, SBI Holdings, and Northern Trust, is expanding its services to Hong Kong. According to Zodia CEO Julian Sawyer, the demand for crypto in Hong Kong is mainly driven by institutional investors rather than retail customers, making it an ideal market for Zodia’s crypto custody offering. Sawyer also mentioned that Hong Kong’s government sees digital assets as the future and wants the city to be a hub for crypto. Zodia’s launch in Hong Kong follows recent expansions in Japan, Singapore, and Australia. The company is in discussions with regulators in Hong Kong to become regulated in the financial district. Zodia currently supports 38 cryptocurrencies, including Bitcoin, Ethereum, and stablecoins like Tether and USDC.