Zodia, a startup backed by UK bank Standard Chartered, has just announced it has plans to launch investment products for institutional clients in partnership with Northern Trust, The Block has reported.
Maxime de Guillebon, CEO of the startup, has said the company plans to launch collateral management products that will help large investors generate income from their crypto holdings.
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The company's CEO has reported he expects the service to receive all the necessary licenses during 2022. He has explained:
"Given the rapid expansion and sophistication of the crypto asset industry, Zodia’s institutional clients are looking for more than spot exposure to digital assets."
Maxime has clarified crypto investors want access to liquidity, leverage and income-generating products by analogy with traditional instruments such as derivatives, financing and issuing or receiving loans.