Zodia Custody, the institution-first digital assets platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, has announced the launch of Zodia Switch, a feature enabling institutional clients to initiate asset-to-asset swaps directly from their secure custodial wallet.

Built in partnership with LMAX, a globally trusted operator of institutional execution venues for FX and digital assets trading, Zodia Switch allows mutual clients to switch between supported ERC-20 tokens, like ETH, wrapped BTC, and stablecoins, including RLUSD, USDC and USDT, on demand, without pre-funding their LMAX trading account or moving assets off-platform. Pricing and execution come from LMAX through a next generation infrastructure layer embedded within Zodia’s platform, ensuring transparent liquidity and complete auditability. Throughout the process, clients retain full governance, control, permissioned AML screening, and audit trails.

The launch addresses a longstanding gap in institutional digital asset workflows: the operational friction and risk of transferring assets to independent external liquidity venues simply to adjust exposure or access liquidity. Zodia Switch combines the speed and flexibility of blockchain with the governance, control, and oversight of bank-aligned custody, without Zodia Custody ever acting as a trading venue or counterparty.

Anoosh Arevshatian, Chief Product Officer at Zodia Custody said,

“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. This is custody working the way institutions need it to work.”

Jenna Wright, Managing Director, Digital Assets, LMAX Group said,

“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. Together with our long-standing partner Zodia Custody, we’re embedding our market infrastructure at the core of the digital ecosystem to enable seamless, secure asset movement.”

Zodia Switch is the newest addition to Zodia Custody’s Trade pillar, joining Interchange in delivering integrated liquidity and settlement solutions. By enabling custody-native switch initiation via a Tier-1 liquidity provider, Zodia Switch represents a significant advancement in institutional digital asset infrastructure, reducing operational risk and providing clients with a faster, safer, and more integrated workflow.

The launch also strengthens the strategic alignment between Zodia Custody and LMAX, positioning both firms to support the next wave of institutional on-chain activity as demand for agile, secure portfolio management continues to grow.

About Zodia Custody

Zodia Custody is an institution-first digital assets platform with key shareholders including Standard Chartered, in association with Northern Trust, SBI Holdings, Emirates NBD, and National Australia Bank. Through the combination of its custody, treasury, and settlement solutions, Zodia Custody enables institutional investors around the globe to realise the full potential of the digital assets future – simply, safely, and without compromise.

About LMAX

LMAX Group is a leading global cross-asset marketplace, powering the fusion of traditional and digital finance through trusted technology. Operating multiple institutional execution venues and providing access to custody and market data services for FX and digital assets, LMAX connects the world’s largest and newest asset classes via seamless, transparent and regulated infrastructure. The Group’s portfolio includes LMAX Exchange (institutional FX exchange, FCA regulated MTF and MAS regulated RMO), LMAX Global (FCA and CySec regulated brokers) and LMAX Digital (GFSC regulated execution venue and custodian). Serving funds, banks, brokerages and buyside institutions in over 100 countries, LMAX designs, builds and operates its own highperformance, ultra-low latency exchange technology with matching engines in London, New York, Tokyo and Singapore. Combining deep expertise in FX with digital asset innovation, LMAX provides the trusted foundation on which the next generation of global markets will operate.