Standard Chartered’s cryptocurrency custody subsidiary Zodia Custody has agreed to partner with OpenEden to offer products based on R.W.A..
Zodia Custody is delighted to announce our latest partnership with @OpenEden_Labsa leading Singapore-based digital asset platform developer, to provide yield opportunities for institutions.
— Zodia (@ZodiaCustody) September 19, 2023
The custodian’s institutional clients will be able to receive additional returns on their digital assets. The partnership also includes access to staking.
“In the world TradFi there is a lot that can be transformed into digital assets. The challenge is to do this safely and compliantly. Our first such partnership with OpenEden meets similar criteria.” — explained Zodia Custody CEO Julian Sawyer.
The company was launched as a platform for institutional investors at the end of 2020.
In 2021, the bank’s custodian received a license from the UK Financial Conduct Authority.
Let us remind you that in April 2023, Zodia Custody raised $36 million.
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