Digital Assets: Zodia Custody, OpenEden to Provide Yield Opportunities for Institutions

Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, is announcing it has partnered with OpenEden, a compliance-first partner that connects real-world yield opportunities with on-chain assets through its innovative platform that “integrates well understood regulated structures with the efficiency of on-chain infrastructure.”

As part of “Zodia Custody Yield”, which includes staking, this partnership “represents an opportunity for institutions to access off-chain yield potential for their on-chain assets – without compromising on the bank-grade security of Zodia Custody’s platform.”

This partnership responds to investor need “for an institutional-grade custody solution for digital asset products that are low-risk, liquid, and transparent with respect to how returns are generated for stablecoin holders.”

Zodia Custody, as a bank-owned entity “with a strong culture of institutional regulatory compliance and governance, will now be able to provide added assurance to investors seeking to custody assets in safe cold storage.”

At the same time, institutions will benefit “from having access to the potential of real-world yield from US Treasury bills enabled by OpenEden’s platform, which provides on-chain security and transparency on real-world assets managed by regulated fund managers.”

Jeremy Ng, co-founder of OpenEden, said:

“There are billions of dollars worth of stablecoins sitting on the sidelines when they could easily be generating yields for investors. That’s a huge opportunity and one that we and Zodia Custody hope to bring to institutions through our respective service platforms which will allow issuers and investors to enter the digital asset market through tokenised financial products, in a way that is both safe and transparent.”

The partnership with OpenEden, a leading Singapore based digital asset platform developer, comes just days after Zodia Custody announced its subsidiary in Singapore, following strong client demand and accelerated global growth.

As noted in the update, OpenEden Labs Pte. Ltd. is “a blockchain technology provider building the bridge to a new financial system.”

Their mission is to “bring real-world assets on-chain to unlock trillions of dollars in value.”

They believe that internet-native money and decentralization “will open up access to real-world assets for everyone on a global scale, creating a more inclusive, efficient and free-flowing economy.”

As covered, Zodia Custody is the institution-first digital asset custodian enabling institutional investors around the globe “to realize the full potential of the digital asset future – simply, safely, and without compromise.”

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