Zodia Custody, a digital assets platform supported by institutions like Standard Chartered and Northern Trust, has introduced Zodia Rewards. This program is designed for institutional clients to optimise their asset potential while ensuring security.
A secure digital assets platform
According to projections, the institutional stablecoin market will reach a transaction value of approximately USD 5 trillion by 2024. However, many current custody models and fees can penalise clients who maintain balances in stablecoins. Zodia Rewards aims to address these challenges by offering:
- No custody fees for eligible stablecoins and other tokens;
- Monthly discretionary rewards of over 500 basis points, based on the amount of assets held with Zodia Custody, subject to a minimum average monthly balance requirement;
- Collateral utility: tokens in the rewards program can be used as collateral for Interchange, Zodia Custody’s off-venue settlement solution, and for borrowing with select network partners. Interchange custody fees are waived for these eligible tokens.
Zodia officials believe that by waiving custody fees on eligible tokens, the company encourages clients to use them effectively, moving, holding, and deploying capital at scale. The program is designed to foster efficient liquidity management while maintaining a high level of security through incentives for institutional clients.
The Zodia Rewards program
Upon launch, Zodia Rewards will support tokens such as Circle’s USDC, Ethena’s USDe, USDtb, and the Global Dollar Network’s USDG. These rewards will be distributed to the wallets of Zodia Custody clients in the form of their held native tokens. Clients who register before September will receive enhanced rewards during the initial three-month launch period. After this period, standard reward tiers will be applied.
