Galaxy Digital Holdings Ltd. Partners with Zodia Custody to Enhance Staking Solutions
- Galaxy Digital partners with Zodia Custody to enhance staking solutions for institutional investors in Europe.
- The collaboration enables clients to stake assets securely while accessing liquidity through loans backed by staked assets.
- Galaxy Digital aims to strengthen its position in the European digital asset market with innovative blockchain infrastructure solutions.
Galaxy Digital Enhances Staking Solutions Through Strategic Partnership with Zodia Custody
Galaxy Digital Holdings Ltd. (TSX: GLXY) forges a significant strategic partnership with Zodia Custody, aimed at bolstering its staking offerings across Europe. This collaboration allows institutional investors to leverage advanced staking solutions while ensuring their assets remain secure and compliant with regional regulations. By integrating Zodia Custody's services, clients gain the ability to stake their assets with Galaxy, thereby maximizing potential rewards with minimal operational complexity. This move positions Galaxy Digital as a formidable player in the European digital asset landscape, where demand for secure staking solutions is on the rise.
The partnership not only enhances staking capabilities but also introduces innovative liquidity solutions for clients. Institutional investors using Zodia Custody can access loans backed by their staked assets, allowing them to maintain their investment positions without the need to liquidate holdings. This dual offering effectively addresses the liquidity challenges that many investors face, providing them with more flexible options in managing their digital assets. Galaxy’s Blockchain Infrastructure team, which currently oversees approximately $4.2 billion in assets under stake, further solidifies the company’s commitment to delivering comprehensive blockchain solutions tailored for the evolving needs of institutional clients.
Zane Glauber, Galaxy’s Head of Blockchain Infrastructure, underscores the synergy between Zodia Custody's security framework and Galaxy's robust staking and trading capabilities. He believes that this partnership will streamline the digital asset participation experience for clients, making it easier for them to engage with the market. Anoosh Arevshatian, Chief Product Officer at Zodia Custody, echoes this sentiment, noting that the collaboration enhances clients' digital asset strategies through a unique blend of custody, staking, and financing opportunities. By expanding its footprint in the European market, Galaxy Digital reinforces its position as a leader in providing quality blockchain infrastructure solutions for institutional investors.
In addition to this new partnership, Galaxy Digital has previously collaborated with BitGo earlier this year, marking it as the second custodian integration within a short timeframe. This strategic move reflects the company's ongoing commitment to broadening market access for digital asset products that yield returns, addressing the increasing demand among large-scale investors for secure and effective staking solutions. With these initiatives, Galaxy Digital continues to pave the way for innovation and growth in the digital asset industry.
