Zodia launches custody and staking support
29 August 2024 UK
Image: itchaznong/stock.adobe.com
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.
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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