Cryptocurrency Exchange Bybit, which was hit by a $ 1.45 billion hack six weeks ago, has joined forces with the Zodia parent authority to increase its security offering for institutional clients.

Supported by a group of heavyweight traditional funding (Tradfi) companies, including standard charter, offers Zodia separate custody and off -off -viral settlement.

This means that users can trade with bybit while their assets remain in Zodia’s custody, reducing the exposure to risks on the line and preventing co-mingling of funds.

The February BYTRAGE attacked nearly $ 1.5 billion worth of digital assets stolen and was the biggest hack for a crypto exchange in dollar terms ever.

Such cases give a bloody nose to the prospect of increasing institutional adoption of digital assets, and thus the requirement of custody that is similar to what institutions would expect in the Tradfi world.

Zodia -Parent Authority CEO Julian Sawyer referred to his product as “custody and settlement built for institutions, not retrofitted to crypto,” in an E -email message on Thursday.