Maple Finance Bolsters Crypto Lending with Zodia Custody Tie-Up
- Maple Finance has announced a new partnership.
- The partnership aims to bolster global crypto lending.
- The partnership will also lead to further integrations targeting institutional investors.
Crypto lending firm Maple Finance has announced a strategic partnership with Zodia Custody, the digital asset safekeeping service backed by finance industry heavyweights like Standard Chartered, the National Australia Bank, and SBI Holdings.
Maple is among the few crypto lenders that weathered the 2022 market turmoil and survived FTX’s implosion , which ran rivals like BlockFi and Genesis out of business. The firm is now bringing bank and institution affiliations to digital assets.
Maple’s Partnership with Zodia Custody
In a press release dated July 9, Maple said the partnership will see it leveraging Zodia Custody as a “preferred custodian” for global digital asset lending arrangements.
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In addition to supporting the Maple token on Zodia Custody wallets, the partnership is expected to lead to another integration targeting institutional investors with yield offerings. It will build on Zodia Custody’s tie-up with Singapore-based OpenEden, announced in 2023.
While the integration is likely to go live by “early Q3,” in the interim, Zodia Custody clients can use Maple’s platform to scale their digital asset business with “flexible, cost-effective debt capital’ by contacting their local representative.
The information on the firm’s website shows that Zodia Custody’s clients range from banks and corporations to financial institutions and “mature” crypto investors. The firm had also listed American asset manager Invesco as a client on its website.
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Stay updated on Zodia Custody’s partnership with 21Shares:
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