Quick Summary:
Together with Parity Technologies, the firm plans to provide custody for the Polkadot ecosystem, offering digital asset storage services for financial institutions.
Zodia Custody is majority owned by multinational bank Standard Chartered and also counts SBI Holdings and Northern Trust among its shareholders, giving it considerable significance in the context of institutional adoption of digital assets.
Cryptocurrency storage provider Zodia Custody, a subsidiary of Standard Chartered (STAN), is to provide institutional support for the Polkadot blockchain through a new partnership with the network's developer.
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Article Details
Author / Journalist: Jamie Crawley
Category: Crypto
Markets:
Topics:
Source Website Secure: Yes (HTTPS)
News Sentiment: Neutral
Fact Checked: Legitimate
Article Type: News Report
Published On: 2023-09-12 @ 23:01:00 (13 hours ago)
News Timezone: GMT -5:00
News Source URL: coindesk.com
Language: English
Article Length: 479 words
Reading Time: 3 minutes read
Sentences: 22 lines
Sentence Length: 22 words per sentence (average)
Platforms: Desktop Web, Mobile Web, iOS App, Android App
Copyright Owner: © CoinDesk
News ID: 14503848
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