27 March 2024 – Dublin: Zodia Markets, the UK-headquartered institutional digital asset trading business backed by Standard Chartered, is pleased to announce new executive appointments for its Irish entity, marking a pivotal step in driving European expansion. The evolution of the leadership responsibilities follows on from Zodia Markets Ireland successfully registering as a VASP with…
27 March 2024 – Dublin: Zodia Markets, the UK-headquartered institutional digital asset trading business backed by Standard Chartered, is pleased to announce new executive appointments for its Irish entity, marking a pivotal step in driving European expansion. The evolution of the leadership responsibilities follows on from Zodia Markets Ireland successfully registering as a VASP with the Central Bank of Ireland in November 2023.
Mark Richardson now assumes the role of CEO of the Irish business alongside his role as Chief Commercial Officer for Zodia Markets group. Michael Walsh transitions from CEO to Executive Chair, with both Mark and Michael being entrusted to oversee Zodia Markets Ireland’s governance, vision, strategic execution and spearhead growth in Ireland and the EU.
Lucia della Ventura also joins the firm as Head of Compliance, Ireland, reemphasising Zodia Markets’ commitment to maintaining a best-in-class compliance programme.
Ireland serves as the Group’s European Hub, selected for its vibrant FinTech and Digital Asset community and as a springboard for the transition to the incoming Markets in Crypto Assets regulation.
Mark Richardson, CEO Ireland and Chief Commercial Officer at Zodia Markets shared: “I am honoured to take on the role of CEO Ireland and Chief Commercial Officer, recognising the critical importance of bolstering our European footprint, especially as we navigate the transition to a MiCA-regulated business. Welcoming Lucia to the team in Ireland is a significant milestone, and together, we are committed to delivering a digital asset future free from compromise for institutions.”
Lucia della Ventura, Head of Compliance, Ireland added: “Together with the team, I look forward to leading the development of the European compliance function for Zodia Markets against a backdrop of significant regulatory change. As we plan our expansion in Europe, it presents an opportunity for our firm to empower institutional clients with simplified and safer access to digital assets.”
For media enquiries please contact: Marketing@zodiamarkets.com
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.
