Custodia Bank Names Zev Shimko President and Chief Operating Officer

Custodia Bank is pleased to announce that co-founder Zev Shimko has been named President and Chief Operating Officer. In this elevated role, Shimko will lead the executive team to ensure a unified strategy across functions, align product with market demand, and oversee execution across the Bank. He will continue to report directly to founder and CEO, Caitlin Long.

“I joined Custodia to help build a safe and sound bridge between digital assets and the traditional financial system, without compromise. We have been building towards this mission and it’s exciting to be close to launch,” said Shimko. “Recent events in cryptocurrency markets only emphasize the need for a regulated, trusted, and compliance-focused solution. We’ve seen a fresh spike in inbound demand from potential customers and are looking forward to bringing our technology-focused products and services to market.”

Shimko’s career spans traditional financial services and digital assets. He began his career at Morgan Stanley, advising corporate clients on debt and equity capital markets transactions and gaining recognition as a top-ranked analyst globally through the firm’s STAR program. He subsequently spent several years at fintech lending platforms, including a digital asset collateralized lending company, where he led corporate development and capital markets. Most recently, Shimko was a director at Figure Technologies before co-founding Custodia in early 2020.

Caitlin Long, founder and CEO, said: "Zev has been a true leader at Custodia, wearing multiple hats as our company has grown from our first hire into the dozens. His determination continues to advance the business, and I am pleased to have him play a larger role in the Company.”

Interested parties and potential customers can contact Custodia at [email protected]. Press can contact Custodia at [email protected].

About Custodia: Custodia Bank, Inc. is a Wyoming bank formed to serve as a compliant bridge to the U.S. dollar payments system and a custodian of digital assets that can meet the strictest level of institutional custody standards. Custodia is required to fully comply with all applicable laws and regulations, including the Bank Secrecy Act and federal “know your customer,” anti-money laundering and related laws and regulations. Custodia will also comply with Wyoming’s special purpose depository institution and digital asset laws, which include requirements that fiat deposits be 100% reserved and that Custodia meet the strictest investor protections in the digital asset industry. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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