The company plans to provide custody for the Polkadot ecosystem, offering digital asset storage services for financial institutions
Cryptocurrency storage provider Zodia Custody, a subsidiary of Standard Chartered , is to provide institutional support for the Polkadot blockchain through a new partnership with the network's developer.
Together with Parity Technologies, the firm plans to provide custody for the Polkadot ecosystem, offering digital asset storage services for financial institutions. The two plan to offer staking of DOT, Polkadot's native token in order to further expand the network's reach among institutions. Zodia Custody is majority owned by multinational bank Standard Chartered and also counts SBI Holdings and Northern Trust among its shareholders, giving it considerable significance in the context of institutional adoption of digital assets. It
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