Zodia Custody, a leading institution-first digital asset custodian, whose shareholders include Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, 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.
The integration means that 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 aim of the partnership is to cater to these needs by further diversifying the options available to institutions to perform the duties required for the blockchain’s consensus mechanisms and get rewarded through the process of staking.
“Performance works best when it goes hand in hand with security. Zodia Custody ensures our APAC clients can participate in non-custodial staking,” said Jack Deeb, Co-Founder & COO at Pier Two. “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.”
Established in 2018, Pier Two is now one of the fastest growing staking services providers in the APAC region, with over $2B in assets under stake and delegation. Pier Two has supported the Chainlink network since 2019, and now supports other globally leading protocols, including EigenLayer, Symbiotic, Solana, NEAR, Polygon, and many more.
“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,” said Kate Cooper, CEO, Zodia Custody Australia. “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 best-in-class 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. We look forward to working together with Pier Two to bolster our staking options available to clients”
Zodia Custody’s Gateway offering allows institutions to discover greater functionality across an ever-evolving range of digital asset services from an ecosystem of vetted partners, all in one place. It allows institutions already using Zodia Custody to unlock even more value through an expansive ecosystem of carefully curated third-party services, simply by connecting their wallets.
About Zodia Custody
Zodia Custody is the leading institution-first digital asset custodian by Standard Chartered, in association with Northern Trust, SBI Holdings and National Australia Bank. It enables institutional investors around the globe to realise the full potential of the digital asset future – simply, safely, and without compromise. Through the combination of leading technology, custody, governance and compliance, Zodia Custody satisfies the complex needs of institutional investors.
Zodia Custody implements the requirements of the 5AMLD and applies the same standards as Standard Chartered relating to AML, FCC, and KYC. It implements the requirements of the FATF Travel Rule. Zodia Custody Limited is registered in the UK with the FCA as a crypto asset business under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. Zodia Custody (Ireland) Limited is registered with the Central Bank of Ireland as a VASP under Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended). Zodia Custody (Ireland) Limited was established in Ireland in August 2021. Zodia Custody Limited is registered with the CSSF in Luxembourg as a Virtual Asset Service Provider in accordance with article 7-1 (2) of the law dated 12 November 2004 on the fight against money laundering and terrorist financing, as amended.
About Pier Two
Established in 2018, Pier Two is one of the fastest growing enterprise staking and infrastructure providers in the APAC region, with ISO 27001:2022 certification. Pier Two has supported the Chainlink network since 2019, and now supports other globally leading protocols like EigenLayer, Symbiotic, Solana, NEAR, Polygon, and many more. Pier Two is also building the light client Lantern, with grant funding from the Ethereum Foundation. Learn more: www.piertwo.com
