Solana

Marinade

Standard

Northern

Zodia Custody has partnered with non-custodial liquid staking protocol Marinade to enable Solana staking through Zodia Gateway. 
<a href="https://crypto.news/tag/standard-chartered/" target="_blank">Standard Chartered</a>-backed crypto custodian Zodia Custody has integrated with Marinade, a stake automation platform on the Solana blockchain, to offer its institutional clients expanded access to <a href="https://crypto.news/tag/solana/" target="_blank">Solana</a> staking, the company said in a <a href="https://zodia-custody.com/zodia-custody-partners-with-marinade-finance-to-enable-institutional-clients-to-access-solana-staking/" target="_blank">press release</a>. 
The collaboration allows investors to directly stake Solana (<a href="https://crypto.news/price/solana/" target="_blank">SOL</a>) from Zodia’s cold wallets through the Zodia Gateway platform, which curates third-party services for institutional clients. 
This is Zodia’s fifth blockchain addition, complementing its existing staking support for Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>), Polkadot (<a href="https://crypto.news/price/polkadot/" target="_blank">DOT</a>), Cardano (<a href="https://crypto.news/price/cardano/" target="_blank">ADA</a>), and BNB Chain (<a href="https://crypto.news/price/bnb/" target="_blank">BNB</a>). Zodia Custody chief executive Julian Sawyer said the collaboration strengthens the company’s efforts to streamline access to staking opportunities, making it “easier for institutions to access staking opportunities.” 
 You might also like: <a rel="" href="https://crypto.news/standard-chartered-backed-zodia-gains-irelandss-nod-for-eu-crypto-services/"> Standard Chartered-backed Zodia gains Irelands’s Nod for EU crypto services </a> 
The collaboration comes a month after Zodia Custody <a href="https://crypto.news/standard-chartered-backed-zodia-custody-adds-support-for-deribit/" target="_blank">teamed up</a> with crypto exchange Deribit, enabling institutional clients to access market derivatives liquidity while retaining their assets in segregated cold wallets. Prior to that, Zodia <a href="https://crypto.news/standard-chartered-backed-zodia-custody-gains-funding-from-australias-largest-bank/" target="_blank">secured</a> 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, <a href="https://crypto.news/elwood-sells-crypto-otc-branch-to-standard-chartered-backed-zodia-markets/" target="_blank">acquired</a> Alan Howard-backed Elwood’s OTC branch Elwood Capital. With the acquisition, the firm got access to an execution management system with tools for accessing liquidity as well as a portfolio &amp; risk management system. 
 Read more: <a rel="" href="https://crypto.news/algoz-taps-zodia-custody-to-trade-collateral-without-direct-asset-control/"> Algoz taps Zodia Custody to trade collateral without direct asset control </a>

Zodia Custody taps Marinade Finance to offer Solana staking services

crypto.news

Other articles published on Sep 12, 2024

Best performing altcoins to watch this week

Solana Memecoin Trump Loves Tesla Will Rally 16,000% Ahead of Exchange Listing, While Dogecoin an...

SuperEx’s new product Free Market, your tokens will be listed on CEX exchange at 0 cost

What is Ethervista?

As Uniswap (UNI) and Shiba Inu (SHIB) See Volatility, Rollblock (RBLK) Soars Past Expectation

One Bitcoin Transaction Uses Energy Equivalent to 1.5 Days of U.S. Household Power

Join our free newsletter for daily crypto updates!