Maple

Northern

Standard

On July 8, Zodia Custody, a high-caliber digital asset custodian endorsed by major financial players like Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, unveiled its collaboration with Maple Finance, a pioneer in the cryptocurrency lending domain. 
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcPN6sCTh59T0S5mg45vs8G4YW-t74oMU4a5j9p_MoxE8GQstWNALbhjhEw_QNfoyaVh4Ko-uyeQ8TZrrKYNI4DRkch171U597uslJ3UOeomfnex63vqFDXgrVvuYwGJgXadirRWO2wF6dx80PTCgcu7tg_?key=Lg0PcuSaDyXxt-eCrMB8jQ" width="964" height="373" style="margin: 0px;">
Source: Zodia Custody
As per the collaboration terms, Zodia Custody will safeguard the collateral provided to Maple Finance, thereby offering its clients the opportunity to leverage their digital assets' value without stepping outside the ecosystem.
The alliance is anticipated to begin operations in Q3 of 2024, aiming to deliver custodial services for Maple Finance's international lending activities.
This partnership is also set to integrate support for the Maple (MPL) token within Zodia's <a href="https://www.coingabbar.com/en/crypto-currency-news/dormant-bitcoin-wallet-activity-impact" title="wallets" class="f-link" rel="noopener noreferrer nofollow">wallets</a>. The platform asserts that this strategic move is geared towards fulfilling the market's demand for optimizing returns on diverse value reserves.
At press time, the MPL token was hovering at $11.56, after an intraday decline of 0.32% with $51,092,820 in market cap and $688,022 in 24-hour volume. In the last week, the token declined from $13.55 on July 2 to $11.13 on July 8, showcasing a 14.65% decline.&nbsp;
Furthermore, the partnership also highlights the growing trend of traditional financial institutions and services combining with the crypto market to offer more complete and secure solutions to clients. Apart from this, the institution-first digital asset custodian is also growing its roots in the crypto market by partnering with other crypto giants.&nbsp;&nbsp;
<h3 id="span-span-data-font-font-size-style-font-size-16px-zodia-custody-expands-reach-in-digital-asset-custody-span-span">Zodia Custody Expands Reach in Digital Asset Custody</h3>
Apart from joining hands with Maple Finance, Zodia Custody partnered with JellyC, Metrika and <a href="https://www.coingabbar.com/en/crypto-currency-news/spot-solana-etfs-rise-future-outlook" title="21Shares" class="f-link" rel="noopener noreferrer nofollow">21Shares</a>.
On July 5, the custodian joined forces with JellyC, an Investment Manager to diversify its custody solutions by offering clients increased security and compliance. to do so, the Manager will be offered access to Zodia’s technology including cold-storage security, bank-level compliance and governance, loss prevention measures, etc.
Similarly, on July 2, the platform joined forces with Metrika, a top-tier platform specializing in the management of digital asset risks. This partnership underscores their commitment to establishing a comprehensive risk management system and continuous oversight, thereby reinforcing their resolve to uphold risk control and regulatory adherence, and in turn, securing the confidence and reliability esteemed by their clients and partners.
<h4>Conclusion</h4>
Zodia Custody's strategic partnerships with Maple Finance, JellyC, Metrika, and 21Shares mark a significant expansion in the digital asset custody space. These collaborations enhance Zodia's service offerings, emphasizing security, compliance, and risk management, while also integrating with the evolving crypto market. The MPL token's market performance, despite recent fluctuations, reflects the dynamic nature of the crypto landscape.&nbsp;
Also Read:&nbsp;<a href="https://www.coingabbar.com/en/crypto-currency-news/dubai-customs-blockchain-launch" title="Dubai Customs Launches Blockchain for Supply Chain" class="f-link" rel="noopener noreferrer nofollow">Dubai Customs Launches Blockchain for Supply Chain</a>&nbsp;

Zodia Custody: Pioneering Partnerships in Crypto Custody

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Coingabbar

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