Zodia, a custody company established in cooperation with Standard Chartered and Northern Trust, is preparing to provide its customers with returns on the cryptocurrencies they hold in their accounts.
Zodia’s CEO, Maxime de Guillebon, in his statements to the press, said that as a company, they are ready to provide collateral management services, and Zodia customers can start to earn income from this service.
In order for the company to take a step in this direction, it is necessary to obtain approval from the relevant regulatory authority first. Zodia’s CEO agrees to receive this approval and provide such services. to be available before the end of this year hopes.
Speaking to The Block, de Guillebon said: “Zodia’s institutional clients are also taking into account the rapid growth of the crypto-asset industry and are looking forward to digital assets. [piyasanın] They want exposure beyond that.” said.
These customers, who are familiar with derivatives, financing, lending and borrowing instruments in traditional markets, are also familiar with the cryptocurrency market. “want to have effective access to liquidity, leverage and returns” it is said.
Aiming to meet the demands of the customers, Zodia, once again approved by the regulatory agency, decentralized finance protocols over these platforms, including to offer staking wants.
Zodia, which currently offers custody services for bitcoin and ether, will expand its product range in April. to have expanded is planning.
Zodia; It was established in December 2020 as a result of the joint work of SC Ventures, a subsidiary of Standard Chartered, and the Northern Trust. London-based Standard Chartered currently operates in 59 countries, while its partner, Northern Trust, in total. $12.6 trillion provides custody services to the asset.