- Institutional investors will now be able to access “Zodia Custody Yield”, allowing access to earnings potential via Open Eden’s service whilst assets are held safely in bank-grade digital asset custody
As part of “Zodia Custody Yield”, which includes staking, this partnership represents an opportunity for institutions to access off-chain yield potential for their on-chain assets – without compromising on the bank-grade security of Zodia Custody’s platform.
This partnership responds to investor need for an institutional-grade custody solution for digital asset products that are low-risk, liquid, and transparent with respect to how returns are generated for stablecoin holders.
Zodia Custody, as a bank-owned entity with a strong culture of institutional regulatory compliance and governance, will now be able to provide added assurance to investors seeking to custody assets in safe cold storage. At the same time, institutions will benefit from having access to the potential of real-world yield from US Treasury bills enabled by OpenEden’s platform, which provides on-chain security and transparency on real world assets managed by regulated fund managers.
“There’s a lot in the world of traditional finance that can be moved to digital assets.” said Julian Sawyer, CEO of Zodia Custody. “The challenge is how to bring some of the benefits to the world in a safe, compliant and regulatory-first way. Our first such partnership with OpenEden is exactly how we do this — by bringing access to yield products to our clients.”
“There are billions of dollars worth of stablecoins sitting on the sidelines when they could easily be generating yields for investors.” said Jeremy Ng, co-founder of OpenEden. “That’s a huge opportunity and one that we and Zodia Custody hope to bring to institutions through our respective service platforms which will allow issuers and investors to enter the digital asset market through tokenised financial products, in a way that is both safe and transparent.”
The partnership with OpenEden, a leading Singapore based digital asset platform developer, comes just days after Zodia Custody announced its subsidiary in Singapore, following strong client demand and accelerated global growth.
OpenEden Labs Pte. Ltd. is a blockchain technology provider building the bridge to a new financial system. Our mission is to bring real-world assets on-chain to unlock trillions of dollars in value. We believe that internet-native money and decentralization will open up access to real-world assets for everyone on a global scale, creating a more inclusive, efficient and free-flowing economy.
About Zodia Custody
Zodia Custody is the leading institution-first digital asset custodian by Standard Chartered, in association with Northern Trust and SBI Holdings. It enables institutional investors around the globe to realise the full potential of the digital asset future – simply, safely, and without compromise. Through the combination of leading technology, custody, governance and compliance, Zodia Custody satisfies the complex needs of institutional investors.Zodia Custody implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended