TLDR
- Zodia Custody has partnered with Maple Finance, becoming their preferred custodian for global lending arrangements.
- Zodia Custody wallets will now support the Maple token, offering additional opportunities for returns from alternative stores of value.
- The partnership aims to provide investors with a wider range of vetted industry-leading partners to connect with from secure Zodia Custody wallets.
- Collateral pledged to Maple Finance will be securely held by Zodia Custody, allowing customers to unlock value from digital assets within the Zodia ecosystem.
- The integration is targeted to go live by early Q3 2024, with further integrations expected to diversify Zodia Custody’s yield offering to institutional investors.
Zodia Custody, a leading institution-first digital asset custodian, has announced a strategic partnership with Maple Finance, an innovative leader in digital asset lending and borrowing.
This collaboration, revealed on July 9, 2024, aims to bridge the gap between traditional and decentralized finance while prioritizing security and regulatory compliance.
Zodia Custody, whose shareholders include major financial institutions such as Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, will serve as Maple Finance’s preferred custodian for global lending arrangements.
This partnership allows Zodia Custody clients to unlock value from their digital assets while remaining within the secure Zodia ecosystem.
A key feature of this collaboration is that Zodia Custody wallets will now support the Maple token. This addition addresses the growing need for institutions to maximize returns from alternative stores of value, particularly in high-interest environments worldwide.
The partnership is expected to provide investors with a wider range of vetted industry-leading partners to connect with, all from the security of Zodia Custody wallets.
Ryan O’Shea, Head of Operations at Maple Finance, emphasized the significance of the partnership:
“In partnering with Zodia Custody, we aren’t just setting the tone for institutional adoption — we’re setting the standard. Together we are advancing the infrastructure and cultivating the borrowing and lending solutions institutions need to bring more assets on-chain, with more security, more options, and more transparency.”
The collaboration aligns with Zodia Custody’s commitment to drive the maturation of the digital asset ecosystem. By offering innovative solutions that focus on regulatory compliance, risk management, and security, Zodia Custody aims to meet the evolving needs of institutional investors in the digital asset space.
Julian Sawyer, CEO of Zodia Custody, highlighted the importance of balancing returns with security:
“For investors, maximizing returns is paramount — but so is security. The team at Maple Finance share our vision of unlocking the potential of digital assets not by disrupting the market, but by systematically bridging the gaps between traditional and decentralized finance. Our heritage means we’re drawing from our expertise in both, and directly responding to investors’ needs globally.”
The partnership is set to go live by early Q3 2024, with further integrations expected to follow. These developments will likely diversify Zodia Custody’s broader yield offering to institutional investors, building on their existing partnership with Singapore-based OpenEden, announced in 2023.
In the interim, Zodia Custody clients can leverage the partnership with Maple Finance to scale their digital asset business with flexible, cost-effective debt capital by contacting their local representative.
Zodia Custody’s approach to regulatory compliance is noteworthy. The company implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC.
It also implements the requirements of the FATF Travel Rule. Zodia Custody is registered with various regulatory bodies across different jurisdictions, including the FCA in the UK, the Central Bank of Ireland, the CSSF in Luxembourg, and the Registry for Trust and Company Service Provider in Hong Kong.
