Wednesday, October 5, 2022

Zodiac Set to Launch Products to Enhance Investors’ Earnings

Crypto custody firm Zodiac which is backed by Standard Chartered and Northern Trust has announced its readiness to introduce its new products that would create a leap in the earnings of its institutional investors. According to the announcement made earlier today, Zodiac is ready to venture into this project with the permission of market regulators.

Zodiac was officially launched in 2020 after an agreement was reached by financial service providers, Northern Trust and Standard Chartered, and authorization was granted by the UK Financial Conduct Authority (FCA). The startup channels the collective effort of conventional custody principle and bank expertise with the ability of fintech companies to deliver advanced crypto services to big investors.

CEO of Zodiac, Maxime de Guillebon shared his opinion on the sophistication and snowballing expansion of the crypto industry. As such, he believes that the custodian startup is equipped to initiate products that would serve as insurance for institutional investors in the form of collateral for their tokens.

Principally, any product initiation and launch from crypto firms would attract regulators who will in turn ensure that such products meet up with the set standard of operation. Maxime is not perturbed by this but is hopeful that all structures and strategies will be in place before the end of the year to allow the official launch of these products.

He mentioned the current consumer’s craze for “efficient access to liquidity, leverage, and yield”. The clients’ requests are to be achieved through a spectrum of products that are similar in terms of the class of the assets, especially lending and borrowing, financing amongst others which Zodiac is ready to offer.

Zodiac DeFi Yield: Serving the Influx of Institutional Investors

With digital currencies largely yet to be regulated across the most advanced economies including the United Kingdom. A number of financial giants have been exploring various avenues to serve the growing crop of institutional investors demanding a means to gain exposure to high-yielding products in the Bitcoin (BTC) and broader digital currency ecosystem.

Zodiac is Standard Chartered and Northern Trust’s way of serving its clients and with the right regulatory approval, the startup will continually jostle for a market share from the existing players in the space.

Victoria Nye
A Blockchain columnist who is enthusiastic about developing a network interface between the real world and the cryptosphere.

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