Crypto Asset Manager Algoz Taps Standard Chartered-Backed Zodia Custody for Safer Investing

Jamie Crawley is a CoinDesk news reporter based in London.

The collapse of crypto exchange FTX in November 2022 highlighted the dangers of investment platforms that are illegally co-mingling funds, whereby customers' deposits are misused for other trades or investments.

In response to such events, Algoz rolled out its Quant Pro investment vehicle, in which managers trade the collateral value of investor holdings without taking control of the assets themselves. Crypto asset manager Algoz has teamed up with Zodia Custody, the cryptocurrency custodian service backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, for its digital asset investment vehicle.

Raanana, Israel-based Algoz aims to maximize its protection of customers' funds from counterparty insolvency and promote best practices in security, efficiency and compliance, according to an emailed announcement on Thursday.In response to such events, Algoz launched its Quant Pro investment vehicle, where asset managers trade the collateral value of investor holdings without taking control of the assets themselves.

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