Zodia Custody, the cryptocurrency safekeeping service backed by Customary Chartered, SBI Holdings, Northern Belief, and Nationwide Australia Financial institution, has partnered with crypto lending specialist Maple Finance, the businesses mentioned on Tuesday.
Beneath the settlement, collateral pledged to Maple Finance can be securely held by Zodia Custody, permitting its prospects to unlock worth from their digital property whereas remaining inside the Zodia Custody ecosystem, based on a press launch.
Maple was one of many few crypto lending platforms protected and strong sufficient to climate the storms of 2022 and the collapse of FTX. It’s now attention-grabbing to see a platform like Zodia Custody, with its financial institution and institutional affiliations, edging nearer to crypto lending.
The transfer by Zodia builds on its partnership with Singapore-based OpenEden, introduced in 2023. In the meantime, Zodia backer Customary Chartered plans to enter spot buying and selling of crypto within the coming months.
The Zodia Custody/ Maple Finance integration is focused to go stay by early Q3, the businesses mentioned in an announcement.