The move, announced on 3 December 2024, reflects the firm’s strategy to cater to growing institutional interest in digital assets across the continent. This expansion positions the company to support institutional clients across mainland Europe while ensuring compliance with the forthcoming MiCA framework, which is expected to reshape crypto-asset regulation in the region.
Julian Sawyer, Zodia Custody’s CEO, praised Luxembourg’s forward-thinking regulatory environment and skilled talent pool, describing it as critical to the firm’s European growth strategy. While Paul de Ruiter, Zodia Custody’s chief compliance officer for Europe, highlighted Luxembourg’s reputation as a hub for digital assets and blockchain innovation. The company has already registered with the CSSF as a VASP and is pursuing full authorisation under MiCAR which will allow them to passport their services to the rest of the EU market.