Zodia Custody will give crypto interest to corporate customers

Zodia Custody, the crypto unit of Standard Chartered bank, will give crypto interest to its corporate customers. The bank will provide returns to its customers in return for the cryptocurrencies they hold on the platform.

Zodia Custody announced that it has partnered with OpenEden, a company that brings real-world assets to the blockchain. In this way, corporate companies will now be able to engage in some form of staking.

Julian Sawyer, CEO of Zodia, noted in his statement on the subject that there are many areas for the merger of traditional finance and the digital world and said:

There is so much in the world of traditional finance that can be transferred to the blockchain. The important thing is how these assets can be transported safely and without violating regulations… The OpenEden partnership is very important in this sense.

Zodia Custody, which was first announced by Standard Chartered in 2021, received an investment of $36 million in April from companies including Japanese giant SBI Holdings.