Zodia Custody has partnered with the non-custodial liquid staking protocol Marinade to enable Solana staking through Zodia Gateway.
The crypto custodian, backed by Standard Chartered, has integrated with Marinade, a stake automation platform on the Solana blockchain. This partnership offers institutional clients expanded access to Solana staking, as stated in a company press release.
The collaboration allows investors to directly stake Solana from Zodiaβs cold wallets via the Zodia Gateway platform, which curates third-party services for institutional clients. This marks Zodiaβs fifth blockchain addition, complementing its existing staking support for Ethereum (ETH), Polkadot (DOT), Cardano (ADA), and BNB Chain (BNB). Zodia Custodyβs chief executive, Julian Sawyer, mentioned that the collaboration strengthens efforts to streamline access to staking opportunities, making it easier for institutions to engage in staking.
“This collaboration strengthens our efforts to streamline access to staking opportunities, making it easier for institutions to engage in staking,” said Julian Sawyer, CEO of Zodia Custody.
Last month, Zodia Custody teamed up with a crypto exchange, enabling institutional clients to access market derivatives liquidity while retaining their assets in segregated cold wallets. Additionally, Zodia secured undisclosed funding from Australiaβs largest bank, adding to previous investments from Standard Chartered, Northern Trust, and SBI Holdings.
In July, Zodia Markets, a crypto trading firm, acquired Elwood Capitalβs OTC branch, backed by Alan Howard. This acquisition provided Zodia with an execution management system featuring tools for accessing liquidity, as well as a portfolio and risk management system.
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