Marathon Digital Partners with Zodia Custody to Safeguard Crypto Holdings
Marathon Digital has chosen to collaborate with Zodia Custody, a Standard Chartered-backed digital asset custodian, to ensure the safety of its crypto holdings. This partnership aims to provide secure and institutional-grade custody solutions for Marathon’s assets located outside the United States.
- Zodia Custody selected to safeguard Marathon’s international crypto holdings
- Secure, institutional-grade custody solutions provided outside the US
Enhancing Security with Zodia Custody
By incorporating Zodia Custody as its fourth custodian, Marathon is strengthening its risk management strategy. This collaboration offers additional security measures such as secure cold wallet storage accessible round the clock and protection against custodian insolvency.
- Integration of Zodia Custody bolsters Marathon’s security posture
- Benefits of additional risk management and diversification
Zodia Custody: A Trusted Name in Digital Asset Custody
Zodia Custody, backed by Standard Chartered and Northern Trust, brings a wealth of expertise to the digital asset custody industry. With a focus on providing secure wallets for institutional investors and helping clients maximize their holdings through rewards, Zodia Custody aims to lead in the digital asset custody sector.
- Specialized in safeguarding digital assets for institutions
- Offers services to assist clients in optimizing their holdings
Challenges for Smaller Miners Post-Halving
Marathon Digital CEO, Fred Thiel, recently highlighted potential financial challenges for smaller miners following the latest halving event. According to Thiel, smaller miners may face financial strain, creating an opportunity for larger miners to consolidate the industry.
- Uneven playing field in the mining industry post-halving event
- Financial stress anticipated for smaller miners
Hot Take: Safeguarding Crypto Assets Amid Industry Challenges
As the crypto industry continues to evolve, partnerships between companies like Marathon Digital and Zodia Custody play a crucial role in enhancing security and mitigating risks associated with digital asset holdings. By prioritizing secure custody solutions and strategic collaborations, crypto players can navigate the dynamic landscape more effectively.
Sources:
– Marathon Digital Holdings: [https://ir.mara.com/news-events/press-releases/detail/1336/marathon-digital-holdings-adds-anchorage-digital-bank-as-a](https://ir.mara.com/news-events/press-releases/detail/1336/marathon-digital-holdings-adds-anchorage-digital-bank-as-a)
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