Maple Finance has designated Zodia Custody as its preferred custodian for global lending arrangements.
This means collateral pledged to Maple Finance will be securely held by Zodia Custody, allowing customers to unlock the value of their digital assets within Zodia’s secure ecosystem.
Additionally, Zodia Custody will support Maple Finance’s native token, addressing the growing need for maximized returns in alternative stores of value, particularly for institutions operating in high-interest environments globally.
Zodia Custody announced this in a statement published today, July 9, 2024, stating that the move is part of a strategic partnership with Maple Finance, which aims to propel the institutional adoption of digital assets.
Ryan O’Shea from Maple Finance emphasized that this partnership sets the standard for institutional adoption, providing more security, options, and transparency for bringing assets on-chain. In O’Shea’s words:
“In partnering with Zodia Custody, we aren’t just setting the tone for institutional adoption — we’re setting the standard. Together, we are advancing the infrastructure and cultivating the borrowing and lending solutions institutions need to bring more assets on-chain, with more security, more options, and more transparency.”
According to the statement, the collaboration is expected to offer customers increased flexibility and diverse options for connecting with vetted partners while reinforcing Zodia Custody’s commitment to driving the maturation of the digital asset ecosystem through innovative, compliant, and secure solutions.
Julian Sawyer, CEO of Zodia Custody, highlighted the balance between maximizing returns and ensuring security, stating that the team at Maple Finance shares Zodia’s mission to “systemically” bridge the gap between traditional and decentralized finance.
Notably, this partnership follows a recent investment in Zodia Custody by National Australia Bank (NAB) through its venture capital arm, NAB Ventures, announced on June 19, 2024. This investment joins those of other major shareholders like Standard Chartered, SBI Holdings, and Northern Trust, further solidifying Zodia’s position in the digital asset space.
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