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Collateral Transferred To Maple Finance Will Be Securely Held By Zodia Custody

Collateral Transferred To Maple Finance Will Be Securely Held By Zodia Custody

Zodia Custody, a leading cryptocurrency custody service, has partnered with Maple Finance, a specialized crypto lending platform, to provide enhanced security for collateral transfers. This partnership ensures that all collateral transferred to Maple Finance will be securely held by Zodia Custody, offering clients the opportunity to benefit from their digital assets while remaining within the Zodia Custody ecosystem.

Maple Finance has established itself as a resilient and trustworthy platform in the volatile crypto lending market. It successfully weathered the storms of 2022 and even the collapse of FTX. Now, with the support of Zodia Custody and its esteemed banking and institutional affiliates, Maple Finance is poised to further expand its role in the crypto lending space. This collaboration follows Zodia Custody’s previous partnership announcement with Singapore-based OpenEden in 2023.

Additionally, it is worth noting that Standard Chartered, one of Zodia’s backers, has plans to launch spot cryptocurrency trading in the near future. This development highlights the increasing integration of traditional banking institutions in the rapidly evolving cryptocurrency landscape. The integration of Zodia Custody and Maple Finance is scheduled to commence in the beginning of the third quarter, according to a joint statement by the companies.

Image Source: Global Finance Magazine