Zodia Custody announces partnership with crypto lending firm Maple Finance | Headlines | News | CoinMarketCap
07/09/2024 18:02Zodia Custody, an institutional-grade cryptocurrency custodian backed by Standard Chartered, SBI Holdings, Northern Trust and National …
The Block Crypto News20 minutes ago
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Published on July 09, 2024 10:37 GMT+00:00edited on July 09, 2024 10:39 GMT+00:00
Zodia Custody, an institutional-grade cryptocurrency custodian backed by Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank, has announced a partnership with Maple Finance, a specialist in crypto lending. The agreement will see Maple Finance utilizing Zodia Custody as a preferred custodian for its global lending arrangements.
In a press statement on Tuesday, the companies stated that collateral pledged to Maple Finance will be securely held by Zodia Custody. This arrangement could enable customers to unlock value from their digital assets while staying within the Zodia Custody ecosystem.
The partnership will also enable Zodia Custody wallets to support the Maple token. According to the crypto custodian, this move will address the need for …