Galaxy Digital and Zodia Custody Expand Staking Services in Europe
- Galaxy partners with Zodia, targeting institutional expansion.
- European market access enhances Galaxy’s staking services.
- Institutional adoption signals staked assets growth.
Galaxy Digital Holdings Ltd., led by Michael Novogratz, has partnered with Zodia Custody, marking an expansion of its staking services into the European market.
The collaboration between these major players aims to increase institutional participation in staking, offering secure and compliant access to staked assets.
Galaxy Digital, a renowned digital asset institution, joins hands with Zodia Custody, a platform backed by major banks like Standard Chartered. They aim to offer advanced staking solutions to European institutional investors, enhancing market liquidity.
The partnership enables European institutional clients to engage in staking, potentially affecting assets like Ethereum. This integration also offers the opportunity to use staked assets as collateral, improving financial products available through Galaxy’s trading desk.
“Institutional investors can now unlock the full potential of secure and efficient staking to maximize rewards and have access to liquidity.” — Michael Novogratz, CEO, Galaxy Digital Holdings Ltd.
Historical trends suggest that such collaborations increase institutional staking flows and affect on-chain data. The initiative follows Galaxy’s previous partnership with BitGo and reflects a move towards greater institutional crypto adoption.
Regulatory aspects and community reactions are subdued, but the synergy between crypto and traditional finance institutions continues to strengthen. Increased engagement in compliant staking solutions is expected, with no new governance tokens or regulatory concerns emerging.
