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Galaxy Digital partners with Zodia Custody to expand pledge services in Europe

Online reports that Galaxy Digital announced that it has integrated Zodia Custody to strengthen its pledge business in Europe. Zodia is an institutional blockchain service provider supported by Standard Chartered Bank, State Street Bank, SBI Holdings, National Bank of Australia and National Bank of United Arab Emirates. The cooperation "lays the foundation for future cooperation" and includes exchange-traded products that combine pledge and lending functions. "By combining Zodia Custody's security and risk framework with Galaxy's leading capabilities in pledge and trading, we provide institutions with differentiated and simplified ways to participate while meeting regional custody and regulatory requirements," Galaxy said.

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