Galaxy Digital Expands European Staking Services via Zodia Custody Partnership

By: crypto economy|2025/05/08 14:45:01
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TL;DRGalaxy Digital integrated Zodia Custody and will allow institutions to receive staking rewards without giving up custody of their assets.The alliance aims to create financial products that combine staking, lending, and returns under European regulatory frameworks.Galaxy Digital manages $5 billion in staked assets and is finalizing its Nasdaq debut to expand its presence in traditional markets.Galaxy Digital expanded its staking services in Europe through an integration with Zodia Custody, an institutional custody platform backed by banks such as Standard Chartered, Northern Trust, and SBI Holdings. The alliance allows Zodia’s clients to access rewards generated through staking without giving up custody of their assets, offering a solution that combines security and profitability within a regulated environment.What Benefits Will This Collaboration Bring?With this integration, both companies seek to develop financial products that incorporate staking, lending, and other yield-generating instruments. Although no specific dates have been announced so far, they confirmed that this collaboration will serve as a foundation for future launches aimed at facilitating institutional access to various blockchain services.Zane Glauber, head of blockchain infrastructure at Galaxy Digital, explained that the European expansion is part of the firm’s strategic goals. He pointed out that the combination of Zodia’s security and Galaxy’s staking and trading capabilities will offer institutions an efficient alternative aligned with local regulations.Currently, Galaxy Digital manages close to $5 billion in staked digital assets. Part of this amount comes from its activity in Solana, where it became the network’s top validator in June 2024 after acquiring 3 million SOL tokens from the FTX estate sale. This move consolidated its position in high-demand networks and strengthened its role in transaction validation.Galaxy Digital Establishes Several Alliances to Improve Its ServicesThe agreement with Zodia is part of a series of partnerships recently secured by the firm. In February of this year, the company teamed up with BitGo Trust so its institutional clients could leverage Galaxy’s staking infrastructure. At present, nearly half of BitGo’s business is tied to staking services.Alongside its operational expansion, Galaxy Digital is preparing for its Nasdaq listing, scheduled for May. Its stock market debut aims to strengthen its presence in traditional markets and attract new investors interested in crypto products that comply with established regulations.The collaboration between both companies confirms the strong interest from institutions in investing their capital in secure staking solutions compatible with the most demanding regulatory frameworks

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