Maple Finance Bolsters Crypto Lending with Zodia Custody Tie-Up

Maple Finance taps Zodia Custody’s infrastructure to enhance global crypto lending.

A huge hand made out of maple syrup offering cash to people.
Created by Gabor Kovacs from DailyCoin
  • Maple Finance has announced a new partnership.
  • The partnership aims to bolster global crypto lending.
  • The partnership will also lead to further integrations targeting institutional investors.  

Crypto lending firm Maple Finance has announced a strategic partnership with Zodia Custody, the digital asset safekeeping service backed by finance industry heavyweights like Standard Chartered, the National Australia Bank, and SBI Holdings.

Maple is among the few crypto lenders that weathered the 2022 market turmoil and survived FTX’s implosion, which ran rivals like BlockFi and Genesis out of business. The firm is now bringing bank and institution affiliations to digital assets.

Maple’s Partnership with Zodia Custody

In a press release dated July 9, Maple said the partnership will see it leveraging Zodia Custody as a “preferred custodian” for global digital asset lending arrangements.

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“Collateral pledged to Maple Finance will be securely held by Zodia Custody, allowing its customers to unlock value from their digital assets while remaining within the Zodia Custody ecosystem,” the statement read.

In addition to supporting the Maple token on Zodia Custody wallets, the partnership is expected to lead to another integration targeting institutional investors with yield offerings. It will build on Zodia Custody’s tie-up with Singapore-based OpenEden, announced in 2023.

While the integration is likely to go live by “early Q3,” in the interim, Zodia Custody clients can use Maple’s platform to scale their digital asset business with “flexible, cost-effective debt capital’ by contacting their local representative.

The information on the firm’s website shows that Zodia Custody’s clients range from banks and corporations to financial institutions and “mature” crypto investors. The firm had also listed American asset manager Invesco as a client on its website.  

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Stay updated on Zodia Custody’s partnership with 21Shares:
21Shares Taps StanChart’s Firm for Crypto ETP Custody in Europe

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.