Zodia launches custody and staking support 29 August 2024UK Reporter: Clelia Frondaroli
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Zodia has launched custody and support for ADA staking, providing institutions with a secure infrastructure as they access yield-generating opportunities.
By using the staking service, the company says that institutions will benefit from time and cost savings compared to developing in-house staking infrastructure.
This new provision is also said to include end-to-end transaction controls and secure key management protocols, to prevent the co-mingling of assets.
Julian Sawyer, CEO of Zodia Custody, states: “Providing greater optionality in staking is the next step forward in enabling institutions to build out and diversify their digital asset strategies — and, together with our infrastructure partners, we are making it a reality.”
Zodia has launched this setup in collaboration with Blockdaemon, where Zodia currently hosts ETH and DOT staking services to clients.
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