Zodia Custody, a digital asset custodian for institutions with backing from Standard Chartered, SBI Holdings, and Northern Trust, has announced Kal Chan as the new Chief Executive Officer of its Hong Kong branch.

This appointment comes as Zodia Custody strengthens its foothold in Hong Kong since its market entry in October 2023, aiming to enhance its position in the global digital assets hub.

Kal Chan, the newly appointed CEO, is set to drive the company’s expansion in Hong Kong. He will focus on adopting digital assets by meeting the specific needs of financial institutions with top-tier technology, rigorous risk management, and bank-level compliance.

He brings a wealth of experience to Zodia Custody, having previously led the business development team at Aquanow and held senior positions in traditional and decentralised finance at prestigious firms such as the Intercontinental Exchange (ICE) and Cboe.

“Zodia Custody is determined to contribute to that objective, closely working with regulators and ensuring that we are leveraging our bank-backed heritage to quickly respond to both regulatory and institutional needs. Hong Kong represents a major opportunity for both us and the digital asset ecosystem around the world — we are dedicated to being at the front and centre of this hotbed of innovation and development,”

said Kal Chan.

“Just as it is for the global digital asset ecosystem, Hong Kong is an essential place for us. Combining a long heritage in traditional finance and forward-thinking approaches to digital assets, the Hong Kong ecosystem perfectly aligns with our own origins and future direction. As such, Kal is exactly the right person to take us forward here, bringing unmatched experience and a deep understanding of the institutional digital asset ecosystem,”

said Julian Sawyer, CEO of Zodia Custody.

Featured image credit: Edited from Freepik