Zodia Custody, a cryptocurrency custody service backed by Customary Chartered, SBI Holdings, Northern Belief and Nationwide Australia Financial institution, has entered right into a partnership with crypto lending specialist Maple Finance, the businesses introduced on Tuesday. Underneath the settlement, the collateral transferred to Maple Finance might be securely held by Zodia Custody, permitting its shoppers to learn from their digital property whereas remaining throughout the Zodia Custody ecosystem.
Maple was one of many few crypto lending platforms secure and dependable sufficient to face up to the storms of 2022 and the FTX collapse. Now a platform like Zodia Custody, with its banking and institutional associates, is shifting nearer to crypto lending. Zodia’s transfer builds on a partnership with Singapore-based OpenEden introduced in 2023.
In the meantime, Zodia backer Customary Chartered plans to launch spot cryptocurrency buying and selling within the coming months. The combination of Zodia Custody and Maple Finance is deliberate for the start of the third quarter, the businesses stated in a press release.
Picture: International Finance Journal