Zodia Custody introduced Zodia Rewards, an opt-in token rewards program designed for institutional clients. This initiative seeks to enhance the value of eligible assets amidst the booming institutional stablecoin market, which handled $5 trillion in transaction value last year. Potential benefits for clients include waived custody fees on eligible stablecoins, tiered discretionary rewards based on asset holdings, and the ability to use these tokens as collateral for various financial operations. By alleviating custody-related fees and adding utility, Zodia aims to boost participation and efficacy in using stablecoins across financial services.
"Stablecoins are being adopted far beyond crypto capital markets, emerging as a tool to complement traditional financial rails for cross-border payments. We see this value..."
"We believe that in addition to their use in cross-border payments, there are further use cases for stablecoins as a means of collateral for borrowing and trading purposes..."
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