Breaking news: Bybit has just announced a major partnership with Zodia Custody. That partnership comes after a pretty eye-watering $1.4 billion security breach involving liquid-staked Ether. That breach, and the trust issues it raised, is exactly what Bybit's new partnership aims to address.

Through that partnership, institutions can trade on Bybit while keeping their assets safely under independent custody. That means no more pre-funding requirements-and a much lower exchange-risk exposure for those clients.

"We need to give our institutional clients more than just speed," says Julian Sawyer, CEO of Zodia Custody. "We need to give them the confidence that their assets are secure, off-exchange, and fully under their control." Zodia Custody has been expanding its operations in Australia-and just received investment from NAB Ventures. That positioning should serve it well as upcoming regulatory changes start to take shape by 2025. #crypto