Zodia Custody Partners with Marinade Finance to enable institutional clients to access Solana Staking

London, UK — September 11 2024 — Zodia Custody, a leading institution-first digital asset custodian, whose shareholders include Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has launched an integration with the Solana stake automation platform, Marinade. This integration enables Zodia’s institutional clients to access Solana staking via Zodia Gateway, an expansive ecosystem of carefully curated third-party services. Investors can connect with Marinade and stake directly from their Zodia Custody cold wallets.

Zodia Custody and Marinade will bring the Solana ecosystem closer to institutions looking to generate additional potential rewards on their digital asset holdings. The partnership also enables institutions to access Solana staking opportunities in a safe and simplified way, adding a fifth blockchain to the ETH, DOT, ADA and BNB staking options that the custodian already supports.

“Our integration with Zodia Custody broadens the horizon of institutional staking capabilities while breaking down barriers to entry. As a trusted, regulated custodian in the UK, integrating with Zodia Custody will establish Marinade Finance as a trusted staking platform for institutions,” Arunkumar Krishnakumar, Head of Institutional Growth at Marinade Finance. “This is a landmark partnership that has massively increased the optionality and security for institutions participating in the digital asset market, and will be crucial for institutions looking to grow and thrive in the space.”

The collaboration also showcases both organization’s commitment to broadening institutional access to digital assets, and building a secure and institution-ready infrastructure. It also marks a significant milestone in increasing the overall diversity of secure Solana staking solutions available to institutions, giving institutions security and optionality in one.

“The future of mainstream, institutional digital asset adoption hinges on smart partnerships that increase both access and value,” says Julian Sawyer, CEO, Zodia Custody. “Marinade’s integration into Gateway achieves exactly that — making it easier for institutions to access staking opportunities, and diversify strategies and portfolios, all within a secure, efficient and streamlined environment. This is how we deliver the best of what digital assets have to offer to all financial institutions.”

The announcement with Marinade is the latest staking partner to be announced, adding to existing collaborations with BlockDaemon and Twinstake.

Launched earlier this year, Gateway offers a curated, marketplace-like experience to help institutions discover vetted partners and services to access through seamless integrations via their Zodia Custody wallets.