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Zodia Custody, a leading institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, and Northern Trust, has been chosen by Marathon Digital Holdings ("Marathon"), one of the world's largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, to provide international digital asset custody services.
As Marathon continues to expand its operations globally, Zodia Custody will offer secure, bank-grade custody services for the firm's Bitcoin holdings outside of the United States. This partnership adds a valuable layer of diversification to Marathon's custody solutions.
The partnership is built on shared commitments to regulatory compliance and the strengthening of the digital asset ecosystem. Zodia Custody will also provide additional risk management assurances, such as insolvency-remoteness and secure cold-wallet storage with 24/7 availability to move at the speed of the market.
Julian Sawyer, CEO of Zodia Custody, commented, "A key element to Marathon's success lies in its mature approach and mindset. As such, Marathon is a great example of how the entire ecosystem should move forward. We share many of the same values and ambitions for the future of the ecosystem, making us an excellent fit. As Marathon's fourth custodian, we bring in greater diversification, and risk management – exactly what the ecosystem needs."
Salman Khan, Marathon's Chief Financial Officer, added, "The addition of Zodia Custody demonstrates our continued commitment to the secure management and diversification of our Bitcoin holdings – especially as we continue to grow internationally and expand into new territories. Zodia Custody's compliance and reputation in the market as a leading institutional digital asset custody provider make valuable addition to our list of diversified custodians. We look forward to working together."
Zodia Custody serves institutional clients across multiple industries, including digital asset mining.
