US Bitcoin miner Marathon Digital Holdings selects Zodia Custody as international digital asset custodian

Zodia Custody, a leading institution-first digital asset custodian, whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, has been selected by Marathon Digital Holdings (“Marathon”), one of the world’s largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, to provide international digital asset custody services.

As Marathon continues to grow globally in existing and new markets, Zodia Custody will provide secure, bank-grade custody services for the firm’s Bitcoin holdings outside of the United States. Through this partnership, Zodia Custody brings a valuable layer of diversification in Marathon’s custody solutions.

Built on mutual commitments to regulatory compliance and the strengthening of the digital asset ecosystem, the partnership will also deliver additional risk management assurances such as insolvency-remoteness and secure cold-wallet storage with 24/7 availability to move at the speed of the market.

“A key element to Marathon’s success lies in its mature approach and mindset. As such, Marathon is a great example of how the entire ecosystem should move forward,” says Julian Sawyer, CEO of Zodia Custody. “We share many of the same values and ambitions for the future of the ecosystem, making us an excellent fit. As Marathon’s fourth custodian, we bring in greater diversification, and risk management – exactly what the ecosystem needs.”

“The addition of Zodia Custody demonstrates our continued commitment to the secure management and diversification of our Bitcoin holdings – especially as we continue to grow internationally and expand into new territories,” said Salman Khan, Marathon’s Chief Financial Officer. “Zodia Custody’s compliance and reputation in the market as a leading institutional digital asset custody provider make valuable addition to our list of diversified custodians. We look forward to working together.”

Zodia Custody services institutional clients across multiple industries including digital asset mining, and the latest partnership with a leading, publicly traded Bitcoin miner is a step toward supporting the growth of this particular ecosystem.