Zodia Custody Partners with Maple Finance to Enhance Crypto Lending Security

IconCryptoNewsTerminal Staff09 Jul, 2024

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Zodia Custody Partners with Maple Finance to Enhance Crypto Lending Security

Zodia Custody, the crypto custody arm of Standard Chartered (SC), has partnered with Maple Finance (MPL), a decentralized crypto lending protocol, to provide secure custody services for collateral assets on the Maple platform. This partnership aims to enhance the security and reliability of the Maple Finance protocol. Zodia Custody will be responsible for safeguarding the collateral assets deposited with Maple Finance, ensuring compliance with regulatory standards and providing institutional-grade security measures. The integration with Zodia Custody will strengthen the risk management framework of Maple Finance and increase confidence among lenders and borrowers. The collaboration between Zodia Custody and Maple Finance demonstrates the growing demand for secure and regulated custody solutions in the digital asset industry. It also highlights the efforts of traditional financial institutions like Standard Chartered to embrace and support the growth of decentralized finance (DeFi).

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