Zodia Custody Introduces Crypto Yields on Digital Assets
Zodia Custody, the crypto unit of Standard Chartered, is revolutionizing its offerings by announcing the introduction of crypto yields on digital asset holdings. This move comes after Zodia Custody partnered with OpenEden to provide yields on crypto holdings to its institutional clients.
The goal of this collaboration is to bridge the gap between digital assets and tangible yield opportunities for investors. By offering this new digital service and partnership, Zodia Custody aims to bring the benefits of traditional finance to the world of digital assets in a safe, compliant, and regulatory-first manner.
CEO Julian Sawyer emphasized the importance of this partnership, stating, “Our first such partnership with OpenEden is exactly how we bring access to yield products to our clients.”
In addition to this development, Zodia Custody recently expanded into Singapore’s markets. With this partnership, institutions will gain access to staking services, positioning Zodia Custody as a leader in bank-backed digital asset custody services.
Furthermore, Zodia Markets, the sister company of Zodia Custody, has plans to accelerate its expansion in the U.S. and Asia as an institutional trading platform after receiving approval to operate as a crypto broker in Dubai.
Hot Take: Zodia Custody Pioneers Safe and Yield-Driven Crypto Investments
Zodia Custody’s collaboration with OpenEden marks a significant step towards making crypto investments more lucrative and secure. By introducing crypto yields on digital asset holdings, Zodia Custody aims to attract institutional clients by offering them access to tangible yield opportunities in a regulated environment. This move also solidifies Zodia Custody’s position as a trusted provider of bank-backed digital asset custody services. With its expansion plans into Singapore and other markets, as well as the growth of its sister company Zodia Markets, Zodia Custody is paving the way for safe and yield-driven crypto investments in the industry.
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