Marathon Digital Selects Zodia Custody, Supported by Standard Chartered, as Cryptocurrency Custodian

Marathon Digital, a prominent cryptocurrency company, has chosen Zodia Custody, a digital asset custodian backed by Standard Chartered, to safeguard its crypto holdings. Zodia Custody will provide secure custody solutions for Marathon’s crypto assets located outside the United States, ensuring protection against theft, loss, or misuse. The partnership with Zodia Custody strengthens Marathon’s security posture by offering features like secure cold wallet storage that is accessible 24/7 and protection against custodian insolvency. Marathon already works with Anchorage Digital, Fidelity Digital, and another unnamed provider as custodians, spreading its Bitcoin treasury across multiple platforms for enhanced security. Zodia Custody, incubated by Standard Chartered and Northern Trust, aims to become a leader in the digital asset custody industry by combining the experience of established financial institutions with the flexibility of a startup. Additionally, Marathon Digital CEO Fred Thiel recently warned that smaller Bitcoin miners may face financial strain following the halving event, as larger miners have better access to funding, potentially leading to industry consolidation.