{"id":12729,"date":"2025-07-02T05:57:26","date_gmt":"2025-07-02T05:57:26","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=26709"},"modified":"2025-07-02T05:57:26","modified_gmt":"2025-07-02T05:57:26","slug":"zodia-custody-completes-acquisition-of-abu-dhabis-tungsten-custody-solutions","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/zodia-custody-completes-acquisition-of-abu-dhabis-tungsten-custody-solutions\/","title":{"rendered":"Zodia Custody Completes Acquisition of Abu Dhabi\u2019s Tungsten Custody Solutions"},"content":{"rendered":"

Zodia Custody<\/a>, a London-based institution-focused digital assets platform backed by Standard Chartered Ventures, Emirates NBD, Northern Trust, SBI Holdings, and National Australia Bank Ventures, has announced the completion of its acquisition of Tungsten<\/a> Custody Solutions, a regulated digital asset custodian based in the UAE.<\/p>\n

This follows an earlier announcement in April regarding Zodia Custody\u2019s intent to acquire<\/a> Tungsten.<\/p>\n

The acquisition strengthens Zodia Custody\u2019s capacity to provide secure digital asset custody services in jurisdictions considered central to the development of digital finance.<\/p>\n

The transaction also transfers Tungsten\u2019s regulatory license under the Financial Services Regulatory Authority (FSRA)<\/a> to Zodia Custody.<\/p>\n

Additionally, Zodia Custody will continue the process of obtaining a full Virtual Asset Service Provider (VASP) licence from Dubai\u2019s Virtual Asset Regulatory Authority (VARA), following Tungsten\u2019s initial approval certificate from the regulator.<\/p>\n

\"Dom
Dom Longman<\/figcaption><\/figure>\n
\n

\u201cZodia Custody\u2019s acquisition of Tungsten reflects our long-standing and ongoing commitment to the UAE,\u201d<\/p>\n<\/blockquote>\n

said Dom Longman, Global Head of Markets at Zodia Custody.<\/p>\n

\n

\u201cWe are excited to deepen our presence in a market that is leading digital asset regulation through meaningful collaboration and revenue synergies with businesses operating under its authority. We hope to replicate this type of relationship across the markets in which we operate.\u201d<\/p>\n<\/blockquote>\n

Tungsten was incubated by Further Ventures, an Abu Dhabi-based venture capital firm focused on digital assets.<\/p>\n

As part of the acquisition, Further Ventures will join Zodia Custody\u2019s cap table.<\/p>\n

The firm\u2019s established connections to the UAE\u2019s investment and regulatory landscape are expected to support Zodia Custody\u2019s ongoing regional collaboration.<\/p>\n

The acquisition comes amid growing merger and acquisition activity in the digital assets sector and reinforces Zodia Custody\u2019s position as a provider of institutional-grade custody services.<\/p>\n

 <\/p>\n

Featured image credit: Edited by Fintech News Middle East, based on image by rawpixel.com<\/a> via Freepik<\/em><\/p>\n

The post Zodia Custody Completes Acquisition of Abu Dhabi’s Tungsten Custody Solutions<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Zodia Custody, a London-based institution-focused digital assets platform backed by Standard Chartered Ventures, Emirates NBD, Northern Trust, SBI Holdings, and National Australia Bank Ventures, has announced the completion of its acquisition of Tungsten Custody Solutions, a regulated digital asset custodian based in the UAE. This follows an earlier announcement in April regarding Zodia Custody\u2019s intent […]<\/p>\n

The post Zodia Custody Completes Acquisition of Abu Dhabi\u2019s Tungsten Custody Solutions<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175,220,298,299],"tags":[],"class_list":["post-12729","post","type-post","status-publish","format-standard","hentry","category-abu-dhabi","category-financial-services-regulatory-authority-fsra","category-tungsten","category-zodia-custody"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=12729"}],"version-history":[{"count":2,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12729\/revisions"}],"predecessor-version":[{"id":12746,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12729\/revisions\/12746"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=12729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=12729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=12729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}