Deribit, a well-known exchange for digital asset options, has officially partnered with Zodia Custody, an institutional-focused custody entity. The partnership aims to enable the completely automated settlement of digital assets for institutions. As Deribit mentioned in its official press release, the development attempts to redefine the way institutional users trade diverse crypto derivatives. Hence, the integration unveils end-to-end automation that a rulebook governs, offering comprehensive security and predictability.
Deribit and Zodia Custody Offer Fully Automated Institutional-Grade Crypto Settlements
The partnership between Deribit and Zodia Custody intends to offer fully automated institutional digital asset settlement. With this, this move is set to improve confidence and operational efficiency for institutions within the digital asset sector. This takes into account the transformation of Deribit-based settlement from the existing manually coordinated procedure into a completely API-led and automated workflow. In this respect, the Interchange Network implements delivery-versus-payment logic via the on-chain engine thereof, guaranteeing the transaction of assets only on the fulfillment of settlement conditions.
As a result, this approach significantly minimizes settlement risk while delivering auditable and transparent records for overall institutional participants. Additionally, with the automation of the formerly complex processes, the collaboration permits clients to trade digital asset derivatives while maintaining complete asset control. Along with that, Deribit consumers can utilize Zodia Custody can utilize net-batched and intraday settlements while getting automatic balance updates in nominated wallets following each cycle.
Apart from that, this also enables seamless handling of gas fees with all assets remaining in the cold storage of Zodia Custody. Moreover, every trading vault is specific to user and specific to venue, with no fund pooling, while each transaction can be verified on-chain. This setting boosts institutional confidence about asset security in addition to letting them rapidly execute and settle trades.
Driving Robust Trading Experience and Seamless Automation for Institutional Crypto Users
While reflecting on this, Anoosh Arevshatian, the Chief Product Officer of Zodia Custody, stressed that the Interchange Network’s design eliminates friction within the institutional crypto landscape. He added that this collaboration also removes the complexity that limits institutional engagement with crypto derivatives. Furthermore, Deribit’s Chief Commercial Officer, David Péquignot, stated that the partnership enhances user access to secure, automated settlement while also maintaining comprehensive liquidity and robust trading experience.
