ETC Group has appointed Zodia Custody to support its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index. The ETP is fully backed by the underlying digital assets, and counterparty risk is negated through an independent trustee. The digital assets backing the ETP are kept in cold storage by Zodia, and staked through the blockchain infrastructure provider, Blockdaemon. Zodia is a UK-based digital assets custodian backed by Standard Chartered in association with Northern Trust.
