Onchain Custodian partners with Celsius Network 03 April 2020Singapore Reporter: Maddie Saghir
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Digital assets custody provider Onchain Custodian has partnered up with Celsius Network, a crypto lending platform, to enable its clients to earn a yield on assets by lending them out.
The return from lending out the digital assets will allow Onchain Custodian’s clients to enhance investments, in addition to covering the custody fees.
Onchain Custodian explained that its clients can lend out their digital assets, place them in investment products, and soon, stake them.
As part of the partnership, Celsius will also work on integrating Onchain Custodian's custody service to enable its own Asia Pacific clients to transact assets through an Asia Pacific custodian when they are not deployed on the market.
The partnership comes shortly after Onchain Custodian expanded its digital custody offering with the latest release of its SAFE platform, integrating cryptography services on an infrastructure hosted by IBM.
Alexandre Kech, CEO Onchain Custodian, said: "Since our inception, we have worked on developing partnerships with the best service providers out there. Celsius Network is definitely a top lending platform and we are proud to be able to work with Alex Mashinsky and his great team on our lending offering."
Alex Mashinsky, CEO Celsius Network, added: "We chose to partner with Onchain Custodian as they are the premier Asian custodian with the best combination of technology and security. This will enable our Asian customers to know that their keys are safe and are held by a regional trusted name. We are also excited to offer our interest income and lending services to the Onchain Custodian community."
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