A leading British bank, Standard Chartered, launched Zodia Custody in 2021, with the goal of bringing digital asset custody to financial institutions. Partnering with OpenEden, it aims to bridge the gap between crypto asset custody and real-world opportunities. This will grant institutional users access to staking services.
OpenEden specializes in integrating real-world assets onto blockchain platforms. Zodia’s services will cover the Polkadot blockchain, in a collaboration with Parity Technologies, a developer rooted in the network. Furthermore, inclusion of DOT token staking promotes the unwavering support from institutions and boosts Polkadot’s current developments in adoption.
Northern Trust holds a stake in Zodia along with SBI Digital Assets Holdings, which saw the liberty to move into the custody business of Japan through involvement in the project. Consequentially, the coverage over Singaporeian digital asset services was dramatically upgraded. Chartered with the mandate over digital asset custodian organ from these banks, it is evident of the growing matters of cryptocurrency in legitimate entities.
