As a seasoned analyst with a keen eye for blockchain trends and institutional adoption, I am thoroughly impressed by Zodia Custody’s strategic moves. With their latest partnership with Marinade for Solana staking, they are not only expanding their service offerings but also demonstrating their commitment to making digital asset management more accessible and streamlined for institutions.
Through a collaboration with the non-custodial liquid staking platform, Marinade, Zodia Custody now allows users to stake Solana tokens using the Zodia Gateway.
Through a partnership with Marinade, a platform for automated staking on the Solana blockchain, Zodia Custody (supported by Standard Chartered) is extending its institutional clients’ opportunities for participating in Solana staking, as stated in a recent announcement.
Through the Zodia Gateway platform, a partnership enables institutional clients to directly deposit Solana (SOL) from Zodia’s offline wallets, accessing third-party services that have been carefully selected for them.
Zodia has added another blockchain to its portfolio, bringing the total to five. This includes Ethereum (ETH), Polkadot (DOT), Cardano (ADA), BNB Chain (BNB) and now an unnamed one. Julian Sawyer, CEO of Zodia Custody, stated that this partnership enhances their goal of simplifying access to staking options. In simpler terms, it makes it easier for institutions to take advantage of these staking opportunities.
The collaboration comes a month after Zodia Custody teamed up with crypto exchange Deribit, enabling institutional clients to access market derivatives liquidity while retaining their assets in segregated cold wallets. Prior to that, Zodia secured undisclosed funding from Australia’s largest bank, adding to previous investments from Standard Chartered, Northern Trust and SBI Holdings.
In July, the cryptocurrency trading company Zodia Markets purchased the over-the-counter (OTC) division of Elwood, which is backed by Alan Howard. This acquisition granted them access to an execution management system equipped with tools for obtaining liquidity and a portfolio & risk management system.
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2024-09-12 13:35