Key Highlights:
- Deribit and Zodia Custody offer fully automated settlement for crypto derivatives trades through the interchange Network.
- The system uses delivery versus payment (DvP) to cut settlement risk and makes sure that assets move only when all the conditions are fulfilled.
- Institutional users keep full custody of their assets while trading at scale, improving safety, speed and efficiency.
Deribit announced today, November 26, 2025, through social media platform X, that Deribit along with Zodia Custody have upgraded their partnership to make settlement of crypto derivatives trades fully automatic. Earlier, settlements required manual coordination between both sides, which took time and added risk. With the new system, everything happened through an automated API-based workflow and follows a clear rulebook.
Trades now use a “delivery versus payment” setup, which means assets move only when all settlement conditions are met. This reduces the chance of settlement failures and gives institutional trades more safety and transparency when trading on Deribit.
Enhanced Automated Settlement
Deribit, the world’s largest digital assets options exchange, and Zodia Custody, an institution-first digital assets platform that is backed by financial institutions such as Standard Chartered, Northern Trust, and National Australia Bank, have collaborated to deliver off-exchange automated trade settlement. The new system batches trades intraday with balances automatically updated in users’ nominated wallets after each cycle.
All client assets will be securely held in Zodia’s cold, air-gapped custody, fully segregated by client and venue, maintaining strong institutional control while supporting trading at scale.
Interchange Network and Reduced Settlement Risk
Zodia Custody’s Interchange Network works like a safe bridge for big institutional investors. It lets them trade, lend, borrow, and use their crypto across different platforms without actually moving the assets out of custody until the trade is fully settled. The system uses “delivery versus payment (DvP),” which means the crypto and the payment are exchanged at the exact same time. This will remove the risk of one side getting paid while the other side does not deliver.
Everything is recorded on-chain, so clients get full transparency and clear proof on every movement. The network also handles gas fees automatically, making the whole process smoother and more efficient for users.
Institutional-Grade Security and Efficiency
This partnership shows that Zodia Custody is serious about building secure and advanced systems for big institutions to store and settle crypto. With this setup, Deribit users can trade smoothly and with more confidence while still keeping their assets safely locked in a legally protected trust structure.
That means even if something goes wrong in the market, the funds stay secure. The automated settlement system also removed the usual delays and complications that make institutional crypto trading difficult. Overall it gives large traders a safer, faster, and more reliable environment to trade crypto derivatives at scale.
Strategic Impact and Future Outlook
Leaders from both companies stressed how important this upgrade system is for the future of institutional crypto trading. Zodia Custody’s Chief Product Officer explained that the Interchange Network was designed to give big institutions full confidence and control without forcing them to give up custody of their assets.
Deribit’s Chief Commercial Officer added that this upgrade is a major step forward because it brings automated settlement while still keeping Deribit’s strong liquidity and smooth trading experience.
Both companies expect the partnership to grow further and continue adding stronger security and operational efficiency.
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