Pier Two joins Zodia Custody Gateway

Sydney, Australia — 23 September 2024 —  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.