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 Zodia’s cold wallets via the Zodia Gateway platform, which curates third-party services for institutional clients. This marks Zodia’s fifth blockchain addition, complementing its existing staking support for Ethereum (ETH), Polkadot (DOT), Cardano (ADA), and BNB Chain (BNB). Zodia Custody’s 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 Australia’s largest bank, adding to previous investments from Standard Chartered, Northern Trust, and SBI Holdings.

In July, Zodia Markets, a crypto trading firm, acquired Elwood Capital’s 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.

For more updates and news on cryptocurrencies, investing, and finance, explore Global Crypto News.

Post Views: 5