Share this article
Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon
The firm said it is the first bank-owned custodian to offer staking services to institutional clients.
Updated Apr 9, 2024, 11:09 p.m. Published Jun 6, 2023, 8:00 a.m.
Cryptocurrency storage provider Zodia Custody said it will offer crypto staking to institutional clients through an agreement with infrastructure provider Blockdaemon.
The two firms are attempting to capture the growing institutional interest for staking – the process of offering digital assets to help run a blockchain network in return for rewards – according to an emailed announcement on Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Interest around staking has increased since the Ethereum blockchain completed its transition to a proof-of-stake system in September. Following the network's Shapella upgrade on April 12, the amount of ether staked had surged by 4.4 million to 22.58 million ($42 billion) as of May 23.
Zodia Custody, which is a subsidiary of U.K-based multinational bank Standard Chartered and is also backed by Northern Trust and SBI Holdings, claims to be the first bank-owned custodian to offer staking services to institutional clients.
In April, Blockdaemon rolled out a wallet service to help financial institutions and crypto custodians to steward their assets without needing to store them with a third party.
Read More: Ethereum Staking Needs Its (Honest) LIBOR
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
From Wall Street to the World Cup: How Football Became Crypto’s Biggest Gateway Drug
As institutions are laying the groundwork for wider crypto adoption from the top down, it’s being met by rising interest from football fans from the ground up.
Top Stories
