Galaxy Digital announced a strategic partnership with Zodia Custody, a move aimed at expanding its capabilities in the field of cryptocurrency staking within Europe.
This collaboration is part of Galaxy's efforts to enhance its regional presence and provide advanced solutions for institutional clients that comply with European regulatory requirements.
Under this partnership, Zodia clients will be able to benefit from staking rewards without relinquishing their custody of their assets, enhancing security and regulatory compliance.
Zodia is backed by institutional support from prominent banking entities such as Standard Chartered, Northern Trust, SBI Holdings, the National Australia Bank, and Emirates NBD.
Zen Glauber, head of blockchain infrastructure at Galaxy, noted that this expansion represents a strategic priority, emphasizing that the combination of Zodia's expertise in security and risk with Galaxy's capabilities in staking and trading will provide institutions with a comprehensive and effective tool to store their digital assets.
The partnership also paves the way for the development of future products, including exchange-traded financial instruments that integrate storage and lending functionalities, as well as other investment products that provide returns.
Galaxy is one of the largest players in the digital asset custody ecosystem, currently managing assets worth nearly $4.2 billion.
Among its recent moves, it acquired 3 million SOL tokens from the FTX Estate auction, making it the largest verifier on the Solana network since June 2024.
In a related context, Galaxy had entered into a collaboration with BitGo Trust last February, allowing BitGo clients to utilize Galaxy's infrastructure.
These steps coincide with Galaxy's preparations for listing on the Nasdaq during May, a move that will expand its business scope and enhance its presence in public markets.
