London, UK — Zodia Custody, a leading institutional digital asset custodian, proudly announces its partnership with the Canton Foundation, marking a significant milestone as the first bank-backed custodian to provide custody support for Canton Coin (CC), the native token of the innovative Canton Network.
This strategic alliance underscores Zodia Custody’s commitment to advancing institutional adoption of blockchain technology and digital assets. As part of the partnership, Zodia Custody will enable secure and reliable custody of Canton Coin, facilitating seamless integration into institutional portfolios and operations.
Key features of the partnership include:
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Gateway to the Canton Network: The collaboration positions Zodia Custody as the institutional gateway to the Canton Network — a pioneering “network-of-networks” designed to enable secure, efficient, and interconnected transactions for the world’s leading financial institutions. The Canton Network’s architecture emphasizes high standards of information security and operational transparency, making it a trusted infrastructure for the future of digital finance.
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Cost-Free Custody Support: To encourage adoption, Zodia Custody will waive custody fees for Canton Coin, allowing institutions to hold and manage CC without incurring initial costs. This move aligns with Zodia’s broader strategy to foster institutional engagement and adoption of digital assets.
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Enhanced Incentive Program: In addition to fee waivers, Zodia Custody plans to integrate Canton Coin into its recently announced Zodia Rewards program, offering clients additional incentives and benefits associated with holding CC.
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Participation in Governance: By joining the Canton Foundation, which boasts support from global financial giants including Goldman Sachs, BNP Paribas, and technology leader Microsoft, Zodia Custody will gain opportunities to actively participate in the governance of the Canton Network. This involvement will help shape the development and expansion of the network, ensuring it meets the needs of institutional users.
Andrew Taylor, CEO of Zodia Custody, commented: “Partnering with the Canton Foundation and supporting Canton Coin marks a significant step in our mission to provide secure, institutional-grade custody solutions for digital assets. The Canton Network’s robust architecture and strategic backing align perfectly with our goals to facilitate trusted, scalable, and seamless digital transactions for leading financial institutions.”
Aidan Mott, COO of the Canton Foundation, added: “We are excited to welcome Zodia Custody as our first bank-backed partner supporting Canton Coin. Their expertise and infrastructure will be instrumental in driving adoption among institutional players and ensuring the security and integrity of assets on the Canton Network.”
As the digital asset ecosystem continues to evolve rapidly, Zodia Custody’s partnership with the Canton Foundation exemplifies a commitment to enhancing institutional confidence and operational scalability in blockchain-based finance.
