Zodia Custody, a London-based digital assets platform backed by Standard Chartered, has agreed to provide custody services to Australian bitcoin lender Vield.

Under the agreement, Zodia Custody's cold storage technology will secure client assets across Vield's lending platform, providing enhanced transparency and establishing new security standards for bitcoin-backed loan products.

"At Zodia Custody, our goal is to provide custody solutions that protect client capital, for clients from traditional financial institutions building out digital asset offerings to crypto-native firms like Vield," says Zodia Custody chief executive officer Julian Sawyer. "Our partnership with Vield underscores our commitment to providing these solutions across the expanding digital assets ecosystem."

Vield CEO Johnny Phan adds: “We prioritize what matters most to our clients when taking out a loan. The security of their bitcoin, transparency, and working with regulated providers. Partnering with Zodia Custody strengthens our ability to safeguard client assets with a trusted custodian.”

By combining Vield's lending expertise with Zodia Custody's security protocols, the partnership aims to drive broader market adoption through increased confidence in crypto-backed financial products.

Aside from Standard Chartered, Zodia Custody is also supported by National Australia Bank, Northern Trust, SBI Holdings, and Emirates NBD.