Standard Chartered-backed Zodia Custody collaborates with Kiln to expand staking services

Digital asset custodian Zodia Custody, incubated by Standard Chartered, has partnered with Kiln to expand its institutional staking range, with clients now able to access ETH, SOL, DOT, ADA and BNB.

The collaboration enables clients to tap into Kiln’s staking services while still leveraging Zodia’s bank-grade custody, helping to diversify staking activities across multiple validators and node providers to offer investors an improved staking experience, greater flexibility and enhanced reward potential, the firm said in a statement on Tuesday.

“As demand for staking services continues to surge, we are committed to providing our clients with comprehensive and efficient institutional solutions,” Zodia Custody CEO Julian Sawyer said. “Our partnership with Kiln enables us to expand our staking asset coverage, and empower our clients to execute their digital asset strategies with the utmost confidence.”

Zodia Custody said it plans to integrate further protocol additions via Kiln in the future.

Standard Chartered is the majority investor in Zodia Custody. Other backers include Northern Trust, SBI Holdings and National Australia Bank Ltd. Zodia Custody also shares its name with Zodia Markets, a digital-asset trading firm that is likewise majority-owned by Standard Chartered.

In November, Zodia Custody was reportedly in talks to raise $50 million aimed at supporting its geographic expansion and broadening its product offerings. Kiln announced it had raised $17 million in a funding round last January.