Zodia Custody And Blockdaemon Unleash Staking For Big Players
Portfolio Pulse from Murtuza Merchant
Zodia Custody, a subsidiary of Standard Chartered PLC (OTC:SCBFF), is partnering with Blockdaemon to extend staking services to its institutional clients. This move aims to capitalize on the growing interest in staking since Ethereum's blockchain transitioned to a proof-of-stake model.
June 06, 2023 | 4:55 pm
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Standard Chartered's subsidiary Zodia Custody partners with Blockdaemon to offer staking services to institutional clients, potentially increasing the bank's exposure to the growing cryptocurrency market.
The partnership between Zodia Custody and Blockdaemon will allow Standard Chartered's subsidiary to offer staking services to its institutional clients. This move is likely to increase the bank's exposure to the growing cryptocurrency market, which could positively impact its stock price in the short term.
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