Market Insights
Article by Elisha
Singapore and Hong Kong — 14 November 2024 — Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank, has partnered with Raffles Family Office Group (“RFOG”) (the “RFOG Collaboration”) and QCP.
Under the RFOG Collaboration, the largest multi-family office in the region will leverage Zodia Custody for seamless and secure access to digital asset products through the custodian’s global bank-backed platform.
“The collaboration marks another crucial step for Raffle’s digital asset strategy, following the launch of its Revo Digital Family Office platform in 2022,” says Ray Tam, Co-founder, Raffles Family Office Group. “We aim to bridge the worlds of traditional wealth with digital innovation — but can only do so with the right infrastructure in place. Through working ecosystem providers that can combine the heritage of traditional wealth management with a digital asset-native approach, we can achieve that. This is exactly what Zodia Custody brings to the table, helping us to unleash growth and wider adoption for digital assets for APAC.”
The collaboration with RFOG comes as QCP—one of Singapore’s first digital asset trading firms and wealth partner—joins Zodia Custody Gateway, an expansive ecosystem of carefully curated third-party services, which offers direct access to a streamlined digital asset ecosystem from their Zodia Custody wallet.
The integration with QCP will provide Zodia Custody’s clients access to a comprehensive suite of bespoke structured solutions, spot trading with deep liquidity and best-in-class price execution alongside seamless on/off ramp services.
“At QCP, we’re committed to being the digital asset partner of choice for institutional investors. Our integration with Zodia Custody enables us to set a new standard for excellence in the digital asset space, offering unparalleled security and innovative solutions tailored to the evolving needs of institutions like Raffles Family Office Group” said Darius Sit, Founder and Chief Investment Officer at QCP. “As we continue to innovate, we are focused on empowering our clients with the tools they need to harness the full potential of digital assets, driving long-term growth and success in this dynamic market.”
The planned uptake of digital assets is on the rise, with the latest joint research from Deloitte Private and Raffles Family Office Group showing that family offices are actively looking to strategically grow and diversify their portfolio by investing in this category. It revealed that cryptocurrency/digital assets are one of the top asset classes that 24% of family offices are looking to invest in more.
“Digital assets have a significant and fundamental role to play across the wealth sector. But they are still under-utilised,” said Kate Cooper, Head of APAC and CEO of Zodia Custody Australia. “Regulatory guardrails have gone a long way to bolstering digital assets, but it is through working with market leaders such as RFOG and QCP that will continue to push it forward. Together, we are effectively changing the game by evolving the digital asset world in line with the best practices of traditional finance — creating the path forward for future adoption, and placing digital assets at the forefront of options for ultra-high net worth families and other institutional investors across Asia.”
Timed with increasing regulatory clarity in the APAC region, these two partnerships will provide wealth managers and accredited investors with the security, compliance, and risk management assurances they need for digital assets exposures with confidence.
Zodia Custody is the leading institution-first digital asset custodian by Standard Chartered, in association with Northern Trust, SBI Holdings and National Australia Bank. It enables institutional investors around the globe to realise the full potential of the digital asset future – simply, safely, and without compromise. Through the combination of leading technology, custody, governance and compliance, Zodia Custody satisfies the complex needs of institutional investors.
Zodia Custody implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended. Zodia Custody (Singapore) Pte Ltd is not licensed under the Payment Services (PS) Act but is permitted to provide payment services under the expanded scope of the PS Act introduced by the Payment Services (Amendment) Act 2021 provided it continues to meet the conditions of the temporary exemption. Zodia Custody (Hong Kong) is registered with the Registry for Trust and Company Service Provider under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), Cap. 615 in respect of its custodial activities in digital assets.
Raffles Family Office Group (RFOG) is Asia’s leading commercial multi-family office, dedicated to providing a comprehensive suite of wealth management services tailored for ultra-high net worth individuals and families. Leveraging an integrated platform that pairs independence with expert advisory across a wide spectrum of asset classes, RFOG is uniquely positioned to offer bespoke, sustainable, and robust solutions for wealth growth and preservation. Further strengthening our offering is an extensive global partnership network, engineered for seamless collaboration with top-tier financial institutions worldwide. With dual headquarters in Hong Kong and Singapore, RFO’s prominent presence spans across Asia’s gateway cities, including Shanghai, Taipei and Bangkok.
Established in 2017, QCP is a pioneering digital asset trading firm in Singapore, partnering with the next generation of institutional investors. As a global market maker in digital asset derivatives, QCP leverages deep expertise and a vast network of liquidity providers to shape the future of digital asset markets through greater access and efficiency. We offer tailored derivatives, spot trading, and structured solutions to institutional, professional, and accredited investors. Headquartered in Singapore, QCP is supported by a strong team of professionals in trading, business development, operations, risk, and compliance.
QCP’s insights cover weekly trading updates, monthly and quarterly views, and can be accessed on our official social platforms such as Telegram, Twitter, LinkedIn and more.
More information can be found at www.qcpgroup.com.
a) For the front-end traders, they were frantically covering their short positions as the continued rally squeezed into their shorts b) Mid-tenor traders were relatively
Reject modernity, embrace tradition. These 4 four words would have served you well in navigating (and profiting!) from crypto markets in the past week. Seasoned
BTC briefly touched 98k over the Thanksgiving weekend, driven by Saylor’s BTC investment strategy presentation to Microsoft. Microsoft’s shareholders are scheduled to vote on a
BTC reclaimed the critical 95,000 level last night after PCE price index came in as expected. ETH was the main outperformer yesterday as it rallied
This information contained in this website is intended as a general introduction to QCP Capital and its activities as a Digital Payment Token (DPT) service provider and is for informational purposes only.
QCP Capital is not acting and does not purport to act in any way as an advisor or in a fiduciary capacity vis-a-vis any counterparty. Therefore, it is strongly suggested that any prospective counterparty obtain independent advice in relation to any trading investment, financial, legal, tax, accounting or regulatory issues discussed herein. This website is only directed at informed and qualified investors. Your entry to this website attests that you are fully aware that trading of DPTs is not suitable for the general public and that you are an informed and qualified investor, and are also fully cognisant of all technological and financial risk(s) associated with trading Digital Payment Tokens.
In the event you intend to onboard with QCP Capital to trade in DPTs, by onboarding with us you acknowledge that you are aware of any rules and/or regulations applicable to the provision of DPT and/or financial services, the high degree of risk involved and that in no event will QCP Capital or any if its directors or employees be liable for any injury loss, claim or damage (whether direct, indirect, consequential or incidental) arising either directly or indirectly out of, or in any way connected with, the site, or its use.
If you are located, incorporated, or otherwise established in, or a citizen or resident of certain jurisdictions, QCP Capital may be unable to, or otherwise reserve its right to refuse to engage in or establish a trading relationship with you. Please contact us if you believe you have received this notice in error. QCP Capital is not registered or licensed to operate in the states of Louisiana and New York and will not be able to establish a trading relationship with you if you are resident, incorporated or have your principal place of business in New York or Louisiana.
You also acknowledge that you understand that trading in payment token derivatives (“PTD”) are also not any less risky than trading in DPTs. PTD services are not regulated by the MAS and QCP Capital is as such not licensed under the MAS to provide PTD services. You should only trade in PTDs if you are an Accredited Investor and/or have sufficient experience and knowledge in trading PTDs.
Risk Warning on Digital Payment Digital Services
The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a digital payment token (DPT) service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
Your DPT service provider is an exempt payment services provider pending licensing under the Payment Services Act (2019) to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
