According to a news statement issued by the firm, Zodia Custody, a cryptocurrency custodian that is supported by Standard Chartered, has merged with Marinade, a stake automation platform that operates on the Solana blockchain. This integration will allow the company to provide its institutional customers with increased access to Solana staking.

As a result of the agreement, investors are able to directly stake Solana from Zodia's cold wallets by using the Zodia Gateway platform, which is responsible for curating third-party services for institutional customers.

The addition of this blockchain to Zodia's current staking support for Ethereum (ETH), Polkadot (DOT), Cardano (ADA), and BNB Chain (BNB) is the sixth blockchain addition that Zodia has made at this time. Julian Sawyer, the chief executive officer of Zodia Custody, said that the agreement improves the company's efforts to expedite access to staking options, so making it "easier for institutions to access staking opportunities."

It has been one month since Zodia Custody formed a partnership with the cryptocurrency exchange Deribit. This partnership enables institutional customers to have access to market derivatives liquidity while maintaining their assets in cold wallets that are kept separate from the rest of their assets. Prior to then, Zodia had obtained capital from Australia's biggest bank, which was not revealed. This funding was in addition to prior investments from Standard Chartered, Northern Trust, and SBI Holdings.

In July, Zodia Markets, a cryptocurrency trading company, purchased Elwood Capital, an over-the-counter division of Elwood that was financed by Alan Howard. As a result of the transaction, the company had access to a portfolio and risk management system in addition to an execution management system that included tools for gaining access to liquidity.

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