Zodia Custody Deepens Circle Partnership and Launches USDC Rewards

LONDON, 3 September 2025 – Zodia Custody, the institution-first digital assets platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, today announced the launch of USDC Rewards, marking the deepening of its strategic partnership with Circle Internet Group, Inc. (“Circle”) (NYSE: CRCL), a global financial technology company and stablecoin market leader.

Falling under the Zodia Rewards programme, which launched earlier this month, USDC Rewards helps enable Zodia Custody’s institutional clients to maximise their earning potential on USDC. USDC Rewards fully waives custody fees on clients’ eligible USDC holdings and provides tiered discretionary rewards paid monthly in native USDC, ensuring even stationary or hold capital is working capital. At launch, USDC Rewards will first support Ethereum-based USDC held in designated Rewards wallets.

“Institutional use of stablecoins is entering a new era, one not just marked by adoption but by deep integration into the core of financial operations,” said Anoosh Arevshatian, Chief Product Officer at Zodia Custody. “Our partnership with Circle goes beyond custody. It’s about empowering our institutional clients to do more, whether they’re holding, earning, or trading. With the launch of Rewards by Zodia Custody, holding USDC becomes an active strategy rather than a passive position, aligning incentives directly with usage. Our goal is to make USDC a core tool for corporate treasurers and traders alike to further drive institutional adoption.”

“Institutional demand for stablecoin infrastructure continues to grow rapidly, and partners like Zodia Custody are helping accelerate that shift with solutions that meet high standards for security, compliance, and usability,” said Kash Razzaghi, Chief Business Officer at Circle. “Together, we’re building the essential infrastructure for seamless, internet-native finance designed to serve the complex and evolving needs of global institutions.”

Zodia Custody is a key custodian for Circle’s flagship stablecoins. On top of USDC on Ethereum, Solana, and Stellar, alongside EURC on Ethereum, Zodia Custody has now expanded support to USYC*, a digital asset token that serves as an onchain representation of the Hashnote Short Duration Fund Ltd. (“the Fund”), issued by Circle International Bermuda Limited, an affiliate of Circle. As part of its offering, Zodia Custody maintains full custodian control over private keys which are stored in air-gapped HSMs, with all instructions being cryptographically signed by clients. As a result of this integration, Zodia Custody’s clients will soon be able to leverage USDC as collateral for trading within Zodia Custody’s integrated liquidity and settlement network, Interchange.

Zodia Custody’s partnership with Circle establishes a strong foundation to support the next wave of institutional stablecoin adoption, further embedding USDC into the infrastructure powering the digital economy.

Disclaimer: Zodia Custody’s Rewards programme operates on a discretionary basis. The awarding of any rewards, as well as the amount of any such rewards, is entirely at the discretion of Zodia Custody. There is no contractual entitlement to any rewards under this programme, and Zodia Custody reserves the right to amend, suspend, or terminate the programme at any time.