Zodia Custody has made it possible to stake Solana using Zodia Gateway through a partnership with Marinade, a non-custodial liquid staking protocol.Â
In a press release, Zodia Custody, a cryptocurrency custodian backed by Standard Chartered, has announced that it has integrated with Marinade, a Solana blockchain stake automation platform, to provide its institutional clients with more access to Solana staking.
Through the partnership, investors can directly stake Solana from Zodia’s cold wallets via the Zodia Gateway platform, which offers institutional clients curated third-party services.
In addition to its current staking support for Ethereum (ETH), Polkadot (DOT), Cardano (ADA), and BNB Chain (BNB), Zodia has added five new blockchains.
Julian Sawyer, CEO of Zodia Custody, stated that the partnership bolsters the company’s attempts to simplify staking opportunities and make them “easier for institutions to access.”
The partnership was announced just one month after Zodia Custody and cryptocurrency exchange Deribit joined together to provide institutional clients with access to market derivatives liquidity while keeping their funds in cold wallets that are kept separate.Â
Zodia had previously received hidden finance from the biggest bank in Australia, supplementing prior investments from SBI Holdings, Northern Trust, and Standard Chartered.
Elwood’s OTC offshoot, Elwood Capital, was sponsored by Alan Howard and acquired by cryptocurrency trading company Zodia Markets in July.
The acquisition gave the company access to a portfolio and risk management system as well as an execution management system with liquidity access tools.
