Zodia Custody announces partnership with crypto lending firm Maple Finance

Zodia Custody, an institutional-grade cryptocurrency custodian backed by Standard Chartered , SBI Holdings, Northern Trust and National Australia Bank, has announced a partnership with Maple MPL -0.81% Finance, a specialist in crypto lending. The agreement will see Maple Finance utilizing Zodia Custody as a preferred custodian for its global lending arrangements.

In a press statement on Tuesday, the companies stated that collateral pledged to Maple Finance will be securely held by Zodia Custody. This arrangement could enable customers to unlock value from their digital assets while staying within the Zodia Custody ecosystem.

The partnership will also enable Zodia Custody wallets to support the Maple token. According to the crypto custodian, this move will address the need for market participants to maximize returns in alternative stores of value.

"For investors, maximizing returns is paramount — but so is security, and, the team at Maple Finance share our vision of unlocking the potential of digital assets not by disrupting the market, but by systemically bridging the gaps between traditional and decentralized finance," Zodia Custody CEO Julian Sawyer said.

Maple Finance Head of Operations Ryan O’Shea said that the partnership will advance infrastructure and cultivate the borrowing and lending solutions institutions need to bring more assets on-chain. "This will allow for more security, more options, and more transparency," O’Shea added.

The partnership between Zodia Custody and Maple Finance is expected to go live by early Q3 of this year, according to today's statement.