Zodia Custody, a subsidiary of Standard Chartered Bank, will launch Interchange Connect to connect multiple institutional accounts

Zodia Custody, a subsidiary of Standard Chartered Bank and a cryptocurrency custodian, announced the launch of Interchange Connect, a new product that connects institutional accounts. Interchange Connect provides institutional investors with a way to easily transfer cryptocurrencies between different accounts at companies such as Metaco, Fireblocks and Copper-owned ClearLoop, while simultaneously settling OTC trades. The product will be available to customers in the first quarter of 2024, and Zodia plans to support additional networks in the future. (The Block)