Zodia Custody Launches ‘Zodia Switch’ For On-Chain Institutional Asset Swaps | LeapRate
Zodia Custody has unveiled Zodia Switch, a new feature enabling institutional clients to initiate asset-to-asset swaps directly from their custodial wallets, removing the need to move funds to an external trading venue.
Developed in partnership with LMAX Group, the institutional execution venue operator, the tool allows clients to switch between supported ERC-20 tokens, including ETH, wrapped BTC and stablecoins such as RLUSD, USDC and USDT, without pre-funding an LMAX account.
Pricing and execution come from LMAX through infrastructure embedded inside Zodia’s platform.
Zodia said the product addresses longstanding friction in institutional digital-asset workflows, where firms have typically needed to transfer assets to third-party venues in order to adjust positions or access liquidity.
The new model combines blockchain-based speed with bank-aligned governance, ensuring clients retain full control, AML screening and auditability throughout the process.
Chief product officer Anoosh Arevshatian said the feature removes the need for institutions to choose “between security and speed,” allowing them to rebalance or manage liquidity instantly from within the custody environment.
LMAX’s digital assets managing director Jenna Wright said the integration brings institutional-grade liquidity directly into client environments, giving immediate access to deep global markets via a simple API.
Zodia Switch joins the firm’s existing Interchange product as part of its growing Trade pillar.
