The companies announced on Tuesday that Zodia Custody has partnered up with the crypto lending specialist Maple Finance.

According to a release, the agreement stipulates that collateral pledged by Maple Finance to Zodia Custody will be held securely. This allows its customers to unlock the value of their digital assets, while remaining in the Zodia Custody eco-system.

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The Maple platform was one of few crypto lending platforms that were robust and safe enough to weather 2022’s storms and the collapse of FTX. It’s interesting to see platforms like Zodia Custody with their bank and institution affiliations moving closer to crypto lending.

Zodia’s move builds on the partnership it announced with Singapore-based OpenEden in 2023. Standard Chartered, a Zodia supporter , plans to launch spot crypto trading in the next few months.

In a joint statement, the companies stated that they expect to have this integration live in early Q3.

Parikshit Miishra is the editor.