Zodia Custody, a leading institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, is today announcing it has partnered with OpenEden, a compliance-first partner that connects real-world yield opportunities with on-chain assets through its innovative platform that integrates well understood regulated structures with the efficiency of on-chain infrastructure.
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.