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Zodia Custody, a subsidiary of Standard Chartered, is set to introduce a new service that will allow institutional clients to earn returns on their cryptocurrency holdings for the first time.
In an announcement made today, the company revealed its partnership with OpenEden, aiming to bridge the gap between crypto assets held in custody and real-world yield opportunities. This offering will also grant institutional clients access to staking services.
OpenEden was founded by Gemini's ex-Asia Pacific head, Jeremy Ng, and former head of business development for the region, Eugene Ng. The protocol provides tokenized Treasury Bills (T-Bills)
Related: Standard Chartered's Crypto Custody Subsidiary Zodia Launched in Singapore
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