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Zodia Custody and Parity Technologies have recently formed a strategic partnership with Polkadot, with a focus on providing institutional support and custody services. This collaboration aims to offer secure markets and digital asset custody services specifically for financial institutions.
The partnership will be implemented in phases, with custody services being the initial focus. While a clear timeline has not been publicly disclosed yet, Zodia’s solid reputation as an FCA and CBI-approved partner instills confidence in their ability to deliver regulated and compliant operations. With Parity’s essential contribution to the Polkadot network, their involvement in this partnership underscores its significance.
Going forward, Zodia Custody and Parity Technologies plan to enable the functionality of staking DOT within the Polkadot ecosystem framework. As the native token of the network, DOT’s secure cold storage for digital assets will be available across various financial institutions. This frictionless design aims to facilitate adoption and onboarding processes, catering to a wider audience.
Julian Sawyer, the CEO of Zodia Custody, has emphasized the importance of bridging the gap between digital assets and traditional finance through innovative collaborations like this one. He believes that this partnership is not only essential for the ecosystem and the industry but will also make the native ecosystem more accessible to institutions, covering the areas of governance, regulatory compliance, and security expertise.
Björn Wagner from Parity Technologies has lauded the partnership as a win-win situation for both parties, with expectations of increased participation from financial institutions in the Polkadot ecosystem. This collaboration is expected to foster innovation by leveraging the expertise of Zodia Custody.
Zodia Custody’s role will extend beyond the partnership to support the long-term evolution and growth of the Polkadot ecosystem. This involves sharing knowledge with institutions to help them fully leverage the potential of Polkadot Technology.
Polkadot Developer Conference, sub0, to be Hosted in Lisbon, Portugal
In other exciting news from Polkadot, the network has announced that its developer conference, sub0, will take place in Lisbon, Portugal. The event is scheduled to begin on September 19, 2023, and conclude on September 20, 2023. sub0 aims to showcase brilliant ideas conceived by brilliant minds, highlighting the innovation within the Polkadot community.
This conference presents a unique opportunity for developers, industry leaders, and enthusiasts to come together and exchange ideas, insights, and knowledge. Attendees can expect to gain valuable insights into the cutting-edge advancements within the Polkadot ecosystem.
Overall, the strategic partnership between Zodia Custody and Parity Technologies is poised to strengthen institutional support and custody services for Polkadot. With a focus on bridging the gap between digital assets and traditional finance, this collaboration will contribute to the accessibility and growth of the Polkadot ecosystem.