Zodia Custody, a trusted cryptocurrency safekeeping service supported by financial giants such as Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has recently announced a strategic partnership with Maple Finance, a leading platform in the crypto lending sector.
Through this collaboration, Maple Finance customers will be able to utilize their digital assets as collateral for loans, with Zodia Custody ensuring the secure custody of the pledged assets. This innovative solution allows users to access liquidity while maintaining the highest standards of security and protection for their crypto holdings within the Zodia Custody ecosystem.
Maple Finance has demonstrated its resilience in the crypto lending space, having navigated successfully through the challenges of 2022, including the collapse of FTX. The platform’s robustness and reliability make it a valuable partner for Zodia Custody as they venture into the realm of crypto lending.
Building on its prior collaboration with OpenEden in 2023, Zodia Custody continues to expand its network and offer innovative services to its clientele. The partnership with Maple Finance represents another step towards enhancing the range of financial solutions available through Zodia’s platform.
Notably, one of Zodia’s key backers, Standard Chartered, has revealed plans to venture into crypto spot trading in the near future, indicating a growing interest from traditional financial institutions in the digital asset space.
The integration of Zodia Custody with Maple Finance is scheduled to be operational by early Q3, providing customers with a seamless and secure way to leverage their crypto holdings for borrowing purposes. This collaboration marks a significant milestone in the convergence of traditional finance and the burgeoning crypto industry, offering users new avenues to maximize the utility of their digital assets.