Zodia Custody Partners with Ethena to Drive Institutional Adoption of Stablecoins

Hong Kong – 25th February 2025: Zodia Custody, a leading institution-first digital asset platform backed by Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank (NAB), and Emirates NBD, has announced that it will now offer clients rewards programmes with respect to eligible USDe and USDtb holdings.

Enrolment into the rewards program opens today and will run on a rolling basis, with Zodia Custody distributing rewards to eligible clients via on-chain transfer. To qualify for the applicable rewards programme, clients are required to hold an average monthly minimum balance of $5M USD per wallet and coin.

James Harris, Chief Commercial Officer at Zodia Custody shared, “The launch of our rewards program reinforces Zodia Custody’s mission to help institutional users engage seamlessly with digital assets while maximising capital efficiency. Beyond custody, we provide solutions that unlock earnings potential, and we’ll continue working with partners like Ethena to offer clients new opportunities to put their assets to work.”

Guy Young, founder of Ethena, said, “We are thrilled to be partnering with Zodia and expect their rewards program will help meaningfully accelerate institutional adoption of USDe and USDtb. Zodia is one of the preeminent and most trusted custodians today, and this launch underscores the significant demand for two of the most reliable and secure assets currently on the market. We look forward to building upon this partnership for years to come.”

In addition to stablecoin holdings rewards, Zodia Custody also supports access to staking, yield-bearing tokens, and structured products. Through Zodia Custody’s partner network, clients can access these benefits on a growing number of protocols.

This announcement follows Zodia Custody’s partnership with Ethena Labs in December to support their USDe synthetic dollar and BlackRock BUIDL-backed USDtb stablecoin.