Zodia Custody, a digital property custody platform backed by Standard Chartered, has joined the Global Markets Alliance, an initiative by Ondo Finance geared toward selling interoperability throughout the tokenized property market.
Abstract
- Ondo Finance introduced Zodia Custody as latest member of the Global Markets Alliance.
- Zodia will assist advance Ondo’s real-world property tokenization, becoming a member of business gamers like Solana Basis, BitGo, Jupiter and Fireblocks.
- The worldwide tokenization pattern has seen main Wall Avenue banks launch merchandise and progams.
Because the Global Markets Alliance’s latest member, Zodia Custody provides to a gaggle of business gamers that embody Solana Basis, LayerZero, BitGo, Fireblocks, Jupiter, Belief Pockets, 1inch, Alpaca, and Bitget.
Ondo Finance announced the Zodia Custody transfer by way of X.
Like the opposite members, Zodia Custody will leverage its infrastructure, safety and compliance options to assist advance the tokenization of capital markets.
The on-chain efforts aligns with the institution-first digital property custodian’s traction throughout the ecosystem, efforts that embody the help for institutional decentralized finance on the TON blockchain, Berachain and RWA platform Polymesh.
Why tokenization?
The Global Markets Alliance’s areas of focus throughout the real-world property on-chain ecosystem consists of tokenized shares, exchange-traded funds, cash market funds and personal credit score. RWA on-chain is a quickly increasing market, with main gamers, together with BlackRock, Franklin Templeton, and Constancy Investments, driving adoption to the following degree.
The important thing to rising tokenization lies in its characteristic that permits the bridging of conventional finance and blockchain, with real-world property wrapped into tokens issued on the blockchain.
Traders taking positions with these property profit from 24/7 buying and selling, fractional possession and on-chain transparency and accessibility. With institutional purchasers eyeing the tokenization alternative, major Wall Street banks have had no possibility however to contemplate launching their very own tokenized property initiatives.
Unlocking capital effectivity
Zodia, which additionally provides a staking resolution, counts asset managers, banks, crypto natives, governments, hedge funds, and personal wealth corporations amongst its companions.
The platform just lately launched Zodia Rewards, its opt-in token rewards program focused for institutional purchasers. Purchasers can get pleasure from rewards on supported stablecoins, together with USDC (USDC), Ethena USDe (USDE) and the Global Greenback Community.
“Stablecoins are being adopted far past crypto capital markets, rising as a instrument to enhance conventional monetary rails for cross-border funds. We see this worth, and as a custodian, we need to play our half to assist unlock additional capital efficiencies,” Anoosh Arevshatian, chief product officer at Zodia Custody, stated on the time.
