[Standard Chartered-backed Zodia custody company partners with cryptocurrency lending firm Maple Finance]
Zodia Custody, the cryptocurrency custody services company backed by Standard Chartered Bank, SBI Holdings, Northern Trust and National Australia Bank, on Tuesday announced a partnership with crypto lending specialist Maple Finance.
Under the agreement, assets pledged to Maple Finance will be held securely by Zodia Custody, allowing its customers to unlock the value of their digital assets while remaining within the Zodia Custody ecosystem, according to a press release.
Maple is one of the few crypto lending platforms to weather the storm of 2022 and the FTX collapse. It’s exciting to see a platform like Zodia Custody, with its banking and institutional background approaching the crypto lending industry.
Zodia’s move builds on its partnership with Singaporean company OpenEden announced in 2023. Meanwhile, Zodia backer Standard Chartered plans to enter the crypto spot trading market in the coming months.
The integration of Zodia Custody and Maple Finance is expected to go live early in the third quarter, according to a company statement.
