The crypto custodian has partnered with OpenEden for a new “Zodia Custody Yield” service. It will tokenize real-world assets like treasury bills on the blockchain, letting investors access yield while maintaining the security of Zodia’s custody platform.
This includes staking opportunities, where crypto owners lock up assets to help secure blockchains in exchange for rewards. Staking is compelling but poses regulatory risks for U.S. crypto firms – the SEC has already sued companies like Kraken and oinbase">Coinbase for offering similar retail products without proper disclosures.
European companies are embracing it though. Germany’s Boerse Stuttgart Group recently unveiled staking for institutional clients, citing rising interest.
Zodia’s service caters to institutional demand for “low-risk, liquid, and transparent” crypto yield products, especially for stablecoin holdings. Stablecoins are popular for transferring value on the blockchain.
“There are billions of dollars worth of stablecoins sitting idle when they could be generating yield,” said OpenEden’s Jeremy Ng. Tokenizing financial products can unlock this safely and transparently.
There is much potential to port traditional finance offerings to digital assets, added Zodia’s Julian Sawyer. The move comes as Zodia just expanded its crypto custody to Singapore.
By leveraging blockchain’s benefits, Zodia’s yield services open up new institutional crypto-earning opportunities in a compliant way.
#ZodiaCustody #Crypto #Custody #StandardChartered
