Zodia Custody, a digital assets platform backed by Standard Chartered, is providing custodial support for Canton Coin ( CC ), the native token for the Canton Network.

The Canton Network is a public blockchain network designed to facilitate seamless and secure transactions for the world’s largest financial players to operate with a high degree of data security.

By providing support for CC, Zodia Custody says, it unlocks a crucial component of the network’s infrastructure, allowing participants in the Canton ecosystem to securely scale their operations.

Under the agreement, Zodia Custody is joining the Canton Foundation – backed by multinational institutions including Goldman Sachs, BNP Paribas, and Microsoft – enabling it to participate in the Canton Network’s governance.

Also, Zodia Custody has agreed to waive custody fees for CC with plans to feature the token in its recently announced Zodia Rewards programme, allowing clients to maximize their utility on the network.

“Our clients demand secure access to the most significant innovations in digital assets,” says Anoosh Arevshatian, chief product officer at Zodia Custody. “Our support for Canton Coin delivers directly on that promise, providing a vital gateway to a network poised to redefine how institutions interact.

“Joining the Canton Foundation was a natural next step, allowing us to advocate for our clients' needs and ensure the infrastructure evolves with the highest standards of security and capital efficiency."

Canton Foundation executive director Melvis Langyintuo adds: “Zodia Custody’s secure infrastructure will be deployed across the network; from custody solutions for Canton Coin and network validator support, to future novel native Canton application deployments. Lastly, through Zodia Custody’s experience in traditional finance and crypto, their contributions in Canton Foundation governance will be very valuable to the ecosystem.”

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