Zodia Custody, a digital assets custody platform backed by Standard Chartered, has been announced as the newest member of the Global Markets Alliance initiated by Ondo Finance.
Joining the Global Markets
Ondo Finance announced Zodia Custody as a new member of the Global Markets, which includes players like Solana Foundation, BitGo, Jupiter, and Fireblocks. Zodia Custody will leverage its infrastructure and security features to promote the tokenization of capital markets.
Why is Tokenization Important?
The Global Markets focus on the tokenization of real-world assets, including tokenized stocks and funds. This sector is rapidly expanding, attracting attention from major companies like BlackRock and Fidelity Investments. Tokenization allows for the bridging of traditional finance and blockchain, providing 24/7 trading and transparency for investors.
Unlocking Capital Efficiency
Zodia Custody also offers rewards programs for institutional clients. This enables investors to utilize tokens such as USDC and Ethena USDe, highlighting the growing role of stablecoins beyond the crypto industry and into traditional finance. Anoosh Arevshatian, chief product officer at Zodia Custody, stated: 'Stablecoins are being adopted far beyond crypto capital markets, emerging as a tool to complement traditional financial rails for cross-border payments.'
With Zodia Custody's joining the Global Markets, the expectation is that asset tokenization will continue to evolve, opening new opportunities for investors and strengthening the connection between traditional financial systems and blockchain technologies.
