Zodia Custody, a digital assets platform backed by institutions such as Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD, has introduced a custody solution for Canton Coin (CC), the native token of Canton Network.

Supporting Canton Network

Zodia Custody’s support for CC is part of its efforts to enhance the network’s infrastructure, enabling financial institutions to transact between isolated systems using tokenized assets and smart contracts. This move aligns with Zodia’s commitment to providing secure access to crypto innovation.

Joining the Canton Foundation

Incorporating CC into its services allows Zodia Custody to cater more effectively to the needs of its clients, ensuring that the network evolves in line with industry standards for security and capital efficiency. By joining the Canton Foundation, Zodia gains a voice in shaping the governance of the network.

CC is integral to this partnership as it serves as a decentralized infrastructure supported by global institutions like Goldman Sachs, BNP Paribas, and Microsoft. Alongside CC support, Zodia Custody’s membership in the Canton Foundation underscores its commitment to driving innovation within the network.

Zodia Custody aims to reduce custody fees for users of CC and integrate it into their recently announced rewards program, offering clients a way to enhance their utility on the network. This strategic move is part of Zodia’s broader vision to become an institutional gateway to Canton’s ecosystem.

With its secure infrastructure deployed across various components of the network, including custody solutions for CC and network validator support, Zodia Custody is poised to play a crucial role in driving value within the Canton Foundation’s ecosystem. Leveraging expertise in traditional finance (TradFi) and cryptocurrency, the platform seeks to strengthen the network’s overall resilience and utility.