Zodia Custody—the crypto-focused subsidiary of British multinational bank Standard Chartered—plans to allow its clients to earn yield on their crypto holdings. 

The crypto custodian has partnered with OpenEden for the “Zodia Custody Yield” service, which tokenizes real-world assets like treasury bills and lets investors earn yield while leveraging the benefits of blockchain. 

The yield offering lets institutional investors “access off-chain yield potential for their on-chain assets without compromising on the bank-grade security of Zodia Custody’s platform,” reads a press release from the firm. That includes staking, whereby crypto owners lock up their digital assets to secure the blockchain while earning periodic crypto rewards in return. 

Staking is a compelling earning opportunity for crypto businesses but a regulatory trap for U.S.-based firms. Companies like Kraken and Coinbase have already been sued by the Securities and Exchange Commission (SEC) for offering similar products to retail customers without providing required risk disclosures.

European firms, however, are getting on board: German exchange giant Boerse Stuttgart Group Go to Source to See Full Article
Author: Andrew Throuvalas

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