Usman Ahmad is the CEO of Zodia Markets, a crypto trading firm that partners with institutions and corporations. Zodia Markets is already registered by the UK’s Financial Conduct Authority and is in late stage conversations with the central bank of Ireland, which with new EU regulation means a passport to Europe. But given demand from…
Usman Ahmad is the CEO of Zodia Markets, a crypto trading firm that partners with institutions and corporations. Zodia Markets is already registered by the UK’s Financial Conduct Authority and is in late stage conversations with the central bank of Ireland, which with new EU regulation means a passport to Europe. But given demand from the U.S., the firm has accelerated its strategy.
In this episode, Ahmad talks about Zodia, its evolution and the division of custody.
This story covers three topics. First, as markets evolve, they often see a wave of new entrants who are subject to lower regulatory requirements than the incumbents, sometimes known as ‘regulatory arbitrage’.
Cryptoasset markets are often thought of as innovative, which is true in some cases, but not all. Slow processes and regulation can certainly be frustrating, but market participants should always be careful to not be blinded by neophilia, or a love of novelty.
The Ethereum merge, completed in September, transitioned the blockchain’s consensus mechanism from an energy-intensive proof-of-work (POW) to a proof-of-stake (POS) protocol. This has reduced energy consumption by more than 99.9%.1
Zodia Markets is proud to announce its signing of the Armed Forces Covenant, demonstrating its commitment to treat fairly those who serve, or have served in the military, and their families, and emphasising the company’s dedication to fulfilling its social responsibilities.
Brian McGleenon 14 June 2024·4-min read BlackRock (BLK) is leading the charge in the mass tokenisation of real-world assets on blockchains, according to Zodia Markets Ireland chair Michael Walsh.
The deal will strengthen Zodia Markets’ over-the-counter business while allowing Elwood to conentrate on its software-as-a-service activities.
The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.
