Pier Two joins Zodia Custody Gateway
23 September 2024 Australia
Image: Billy/stock.adobe.com
Zodia Custody has further expanded the number of staking options available via its Gateway offering by integrating Australian-based, enterprise staking and infrastructure services provider, Pier Two.
Pier Two’s staking services are now available to Zodia Custody’s clients, providing greater optionality for Ethereum staking via Zodia Custody Gateway.
As digital asset exchange traded funds (ETFs) and other exchange traded products (ETPs) rapidly grow in importance for institutional investors, so does the appetite to explore additional options to generate greater potential returns from digital asset holdings, the firm notes.
To meet this need, the partnership aims to further diversify the options available to institutions to perform the duties required for the blockchain’s consensus mechanisms and get rewarded through the process of staking.
Jack Deeb, co-founder and chief operating officer at Pier Two, comments: “Performance works best when it goes hand in hand with security. Zodia Custody ensures our APAC clients can participate in non-custodial staking.
“We — the entire digital asset ecosystem — are at a crucial turning point. The innovation of institutional offerings has been strong, but it needs to be matched with the utmost rigour in security and compliance. Balancing the support of cutting edge blockchain technologies without compromising on safety.”
Kate Cooper, CEO of Zodia Custody Australia, says: “This partnership with Pier Two is a perfect example of how we can level up the digital asset ecosystem not just across APAC, but globally.
“Together, we are putting into place another crucial piece of the puzzle: providing greater diversity and options for institutions, while minimising risk, all from one place — connecting institutions with services at the touch of a few buttons. This collaboration makes this a reality, and provides a framework for the future development of institutional staking.”
Pier Two’s staking services are now available to Zodia Custody’s clients, providing greater optionality for Ethereum staking via Zodia Custody Gateway.
As digital asset exchange traded funds (ETFs) and other exchange traded products (ETPs) rapidly grow in importance for institutional investors, so does the appetite to explore additional options to generate greater potential returns from digital asset holdings, the firm notes.
To meet this need, the partnership aims to further diversify the options available to institutions to perform the duties required for the blockchain’s consensus mechanisms and get rewarded through the process of staking.
Jack Deeb, co-founder and chief operating officer at Pier Two, comments: “Performance works best when it goes hand in hand with security. Zodia Custody ensures our APAC clients can participate in non-custodial staking.
“We — the entire digital asset ecosystem — are at a crucial turning point. The innovation of institutional offerings has been strong, but it needs to be matched with the utmost rigour in security and compliance. Balancing the support of cutting edge blockchain technologies without compromising on safety.”
Kate Cooper, CEO of Zodia Custody Australia, says: “This partnership with Pier Two is a perfect example of how we can level up the digital asset ecosystem not just across APAC, but globally.
“Together, we are putting into place another crucial piece of the puzzle: providing greater diversity and options for institutions, while minimising risk, all from one place — connecting institutions with services at the touch of a few buttons. This collaboration makes this a reality, and provides a framework for the future development of institutional staking.”
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