Crypto Arm of Standard Chartered Is Launching a Staking Service - Decrypt
The new offering tokenizes real-world assets like treasury bills and lets investors earn yield while leveraging the benefits of blockchain....
- Zodia Custody, a subsidiary of Standard Chartered, has partnered with OpenEden to offer the "Zodia Custody Yield" service.
- The service allows institutional investors to earn yield on their crypto holdings by tokenizing real-world assets like treasury bills.
- This offering provides off-chain yield potential while maintaining the security of Zodia Custody's platform.
- Staking is included as a way for crypto owners to secure the blockchain and earn periodic crypto rewards.
- European firms are embracing staking services for institutional clients, while U.S.-based firms face regulatory challenges.
- Zodia's service aims to meet the demand for low-risk, liquid, and transparent digital asset products.
- Stablecoins, backed by fiat currencies, are seen as a valuable source for generating yields.
- Zodia plans to bring tokenized financial products to institutions in a safe and transparent manner.
- Zodia recently expanded its crypto custody services to Singapore.
The article highlights the partnership between Zodia Custody and OpenEden to offer a yield service for institutional investors. It emphasizes the potential benefits of tokenizing real-world assets and the demand for low-risk and transparent digital asset products. The sentiment is generally positive, focusing on the opportunities and growth in the crypto custody space.