WEB3
by BSCN
September 19, 2023
Backed by the likes of SBI Holdings and Standard Chartered, Zodia Custody, which raised some $36 million earlier in 2023, is reportedly partnering with OpenEden to bring staking and yield opportunities to institutional customers.
Zodia Custody, will begin offering yield-based opportunities to its institutional customer base. As Zodia opens its doors, institutions will be given the opportunity to capitalize on staking opportunities in the industry, as reported by The Block,
Zodia Custody, which raised some $36 million in funding in Q2 2023, is backed by the venture arm of financial giant, Standard Chartered, in addition to firms such as Northern Trust and SBI Holdings, the latter of which also made cryptocurrency headlines only recently.
According to reports, Zodia Custody has partnered with OpenEden in order to facilitate yield opportunities regarding assets held in secure custody by Zodia. OpenEden also broke headlines this year, with its goal of offering on-chain ERC-20 versions of US treasury bills.
Zodia’s latest announcement typifies one further step forward on the journey towards meaningful adoption of blockchain technology and digital assets by giants of the traditional financial sector, all across the globe.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
Latest News
2h : 19m ago
Base Announces Permissionless Fault Proofs Launch on Oct. 30
3h : 49m ago
Chainlink and Major Market Players Launch AI-Powered Initiative to Tackle Unstructured Data in Finance
6h : 4m ago
Uniswap Launches Permissionless Cross-Chain Bridging on Nine Networks, Including Polygon and ZKsync
October 23, 2024
Nigerian Government Drops Charges Against Binance Executive Tigran Gambaryan
October 23, 2024
Sui Announces Integration with Google Cloud to Boost Real-Time Blockchain Data Access
October 23, 2024
Aurum Equity Partners Unveils $1B Tokenized Fund on XRP Ledger
October 23, 2024
Vitalik Buterin Calls Michael Saylor's Bitcoin Custody Remarks “Batsh*t Insane”
October 22, 2024
Do Betting Odds Know Best?