Zodia Custody, a preeminent cryptocurrency custodial service bolstered by financial titans Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has embarked on a strategic partnership with Maple Finance, a specialist in crypto lending. This alliance, announced on Tuesday, heralds a significant advancement in the safeguarding and utility of digital assets.

Per the partnership agreement, collateral committed to Maple Finance will be meticulously secured by Zodia Custody. This arrangement facilitates customers in leveraging the value of their digital assets while remaining entrenched within the secure confines of the Zodia Custody ecosystem, as detailed in a press release.

Maple Finance has distinguished itself as one of the few resilient crypto lending platforms capable of withstanding the tumultuous market conditions of 2022, including the infamous collapse of FTX. The collaboration with Zodia Custody, a platform intertwined with reputable banking and institutional entities, marks a notable convergence in the realm of crypto lending.

This initiative by Zodia Custody builds upon its prior collaboration with Singapore-based OpenEden, announced in 2023. Concurrently, Standard Chartered, one of Zodia’s key supporters, is poised to venture into the realm of spot trading of cryptocurrencies in the forthcoming months.

The Zodia Custody and Maple Finance integration is slated to be operational by early Q3, as per the joint statement from the companies.