LONDON — Galaxy Digital Holdings has announced on May 7 a groundbreaking partnership with Zodia Custody, the institutional-grade digital asset platform backed by financial giants including Standard Chartered and Northern Trust. This strategic alliance marks Galaxy's significant expansion into the European staking market, offering institutional investors unprecedented access to secure, efficient, and rewarding staking solutions.
The collaboration enables Zodia Custody's clients to leverage Galaxy's cutting-edge staking infrastructure while maintaining asset custody within their preferred jurisdictions. This integration not only maximizes staking rewards with minimal operational complexity but also introduces innovative liquidity options, allowing staked assets to serve as collateral for loans and other financial products through Galaxy's Trading team.
Key benefits of this partnership include:
* Enhanced staking accessibility for European institutions
* Robust monitoring, reporting, and risk management tools
* Ability to use staked assets as collateral, increasing liquidity
* Potential for future yield-generating exchange-traded products
Zane Glauber, Head of Blockchain Infrastructure at Galaxy, emphasized the strategic importance of this European expansion, stating, "By combining Zodia Custody's security framework with Galaxy's market-leading staking and trading capabilities, we're offering institutions a streamlined path to digital asset staking that aligns with regional regulatory requirements."
Anoosh Arevshatian, Chief Product Officer at Zodia Custody, highlighted the synergy of the partnership: "This collaboration allows us to merge Galaxy's trusted staking infrastructure with Zodia Custody's secure technology, unlocking new possibilities in custody, staking, and financing for our clients."
With approximately $4.2 billion in assets under stake, Galaxy's Blockchain Infrastructure team continues to lead the industry in serving institutional investors, digital asset platforms, and protocols. This integration with Zodia Custody, following Galaxy's recent collaboration with BitGo, further solidifies the company's position as a pioneer in institutional-grade crypto staking solutions.
As the digital asset environment evolves, this partnership sets a new standard for secure, efficient, and flexible staking options. It meets the growing demand from large-scale investors seeking to maximize their participation in blockchain networks while effectively managing risk.
