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Crypto custody service provider Zodia Custody announced its collaboration with Maple Finance, a specialist in crypto lending. This partnership allows Zodia Custody to offer secure custody services while enabling clients to generate value from cryptocurrencies. Supported by major financial institutions like Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, Zodia Custody is making a significant move in the crypto-based lending sector.
A New Step in Crypto-Based Lending
Maple Finance demonstrated resilience and robustness despite challenging market conditions and the collapse of FTX in 2022. This resilience influenced Zodia Custody’s decision to partner with Maple Finance. The partnership enhances Zodia Custody’s services and strengthens its market position.
Zodia Custody is venturing into crypto lending by leveraging existing partnerships. In 2023, Zodia partnered with Singapore-based OpenEden, aligning with Standard Chartered’s strategy to enter the spot trading of cryptocurrencies. This strategy aims to expand into various aspects of the cryptocurrency market.
Integration and Timeline
The integration of Zodia Custody and Maple Finance will be implemented at the beginning of the third quarter. This timeline reflects the companies’ goals to capitalize on current market conditions and provide enhanced services to clients as soon as possible. Zodia Custody clients will benefit from more flexible use of their cryptocurrencies while continuing to enjoy Zodia’s reliable custody services.
Zodia Custody ensures the secure holding of collateral, allowing clients to use their assets without exposing them to unnecessary risks. Security and risk management are crucial in the volatile world of cryptocurrencies. Zodia’s feature enables clients to securely store and use their cryptocurrencies.
The partnership between Zodia Custody and Maple Finance represents a strategic move to combine secure custody services with robust lending capabilities. This partnership highlights the growing trend of traditional financial institutions and services integrating with the crypto market to offer more comprehensive and secure solutions to clients.
