Crypto Custody Firm Zodia Custody Can Now Provide Crypto Yields for Institutions

Crypto News – For the first time, institutional clients of Zodia Custody, a cryptocurrency custodian supported by Standard Chartered Bank, will be able to receive returns on their cryptocurrency holdings.

Crypto Custody Firm Zodia Custody Can Now Provide Crypto Yields for Institutions

By collaborating with OpenEden, Zodia Custody will fill the gap between the storage of digital assets and prospects for profit in the real world. The partnership would also make staking services available to institutions.

Prior to this, Parity Technologies, a well-known Polkadot developer, and Zodia Custody jointly announced their ambitions to support the Polkadot blockchain. By offering financial institutions storage for digital assets, they hope to jointly provide custody services for the Polkadot ecosystem. In order to promote institutional adoption within the network, the cooperation will also involve the staking of DOT, Polkadot’s native token.

About Zodia Custody

As a division of the well-known British bank Standard Chartered, which has a significant presence in developing markets throughout Asia, Africa, and the Middle East, Zodia Custody does business. Zodia, which was introduced in 2021 together with Northern Trust, represents the growing interest of important institutions in using digital currencies.