Zodia Custody, a service that keeps cryptocurrencies safe and is supported by companies like Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has announced a partnership with Maple Finance, a specialist in crypto lending. This collaboration will involve Zodia Custody securely holding collateral pledged to Maple Finance, allowing customers to access the value of their digital assets while staying within the Zodia Custody ecosystem.
Maple Finance has stood out as one of the resilient crypto lending platforms that survived the challenges of 2022 and the downfall of FTX. It is intriguing to see a platform like Zodia Custody, with its strong backing from banks and institutions, moving towards the realm of crypto lending. This development follows Zodia’s previous partnership with OpenEden, a Singapore-based company, which was revealed in 2023. Additionally, Zodia’s supporter, Standard Chartered, is gearing up to venture into spot trading of cryptocurrencies in the near future.
The integration between Zodia Custody and Maple Finance is expected to be operational by early Q3, as stated by the companies. This collaboration signifies a significant step in bringing together the worlds of cryptocurrency custody and lending.
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It is evident that the partnership between Zodia Custody and Maple Finance marks a notable development in the crypto industry, bridging the gap between custody services and lending platforms. With the backing of established financial institutions and a focus on security, this collaboration aims to provide customers with enhanced access to the value of their digital assets while maintaining a high level of protection. The upcoming launch of this integration in early Q3 will be a significant milestone for both companies and the broader cryptocurrency ecosystem.