Zodia Custody, a digital asset custodian primarily aimed at institutions and backed by shareholders such as Standard Chartered, SBI Holdings, and Northern Trust, has announced a partnership with compliance-focused partner OpenEden. OpenEden connects real-world opportunities for yield with blockchain assets through its innovative platform. This collaboration, known as “Zodia Custody Yield,” will allow institutions to access off-chain yield potential for their on-chain assets without compromising on the security of Zodia Custody’s platform.
The partnership addresses the need for institutional-grade custody solutions for low-risk, liquid, and transparent digital asset products. Zodia Custody, being a bank-owned entity with a strong focus on regulatory compliance and governance, will provide reassurance to investors seeking secure cold storage for their assets.
Additionally, institutions will have access to real-world yield opportunities through OpenEden’s platform, which offers the security and transparency of on-chain assets managed by regulated fund managers, particularly US Treasury bills.
Jeremy Ng, co-founder of OpenEden, expressed that billions of dollars’ worth of stablecoins are not being utilized effectively and could generate yields for investors. The partnership between Zodia Custody and OpenEden aims to tap into this opportunity by providing safe and transparent entry points for issuers and investors to enter the digital asset market.
The collaboration with OpenEden comes shortly after Zodia Custody announced the establishment of its subsidiary in Singapore due to high client demand and global expansion.
OpenEden Labs Pte. Ltd., a Singapore-based digital asset platform developer, is focused on building a bridge to a new financial system. Their goal is to bring real-world assets onto the blockchain, unlocking trillions of dollars in value. They believe that the integration of internet-native money and decentralization will create a more inclusive, efficient, and globally accessible economy.
Zodia Custody is a digital asset custodian aimed at institutional investors worldwide, providing them with a secure and uncompromised approach to realizing the potential of the digital asset future.
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