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Standard Chartered-Backed Zodia Custody Partners with Crypto Lending Firm Maple Finance

Standard Chartered-Backed Zodia Custody Forms Partnership with Maple Finance for Crypto Collateral

Zodia Custody, the secure cryptocurrency storage service supported by prominent financial institutions such as Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has announced a partnership with crypto lending specialist Maple Finance. The collaboration will entail Zodia Custody securely holding collateral pledged to Maple Finance, allowing customers to leverage their digital assets while remaining within the Zodia Custody ecosystem. By integrating Maple Finance’s robust lending platform, Zodia Custody aims to enhance its service offerings and cater to the growing demand for crypto lending.

In light of the challenging market conditions experienced in 2022, Maple Finance stood out as one of the few lending platforms able to withstand uncertainty and endure the collapse of FTX. Now, with Zodia Custody’s affiliation with renowned banks and institutions, the entry into the crypto lending arena is an intriguing development. The partnership builds upon Zodia Custody’s previous collaboration with OpenEden, a Singapore-based firm, which was announced in 2023. Furthermore, the backing of Standard Chartered indicates the institution’s intention to venture into cryptocurrency spot trading in the upcoming months.

The integration of Zodia Custody and Maple Finance is scheduled to be implemented in early Q3, providing customers with additional opportunities to leverage their digital assets securely.