Zodia Custody has added custody support for AUDM, an Australian dollar-backed stablecoin issued by Macropod. According to Zodia Custody, this makes it the first global custodian to offer custody for the token.
AUDM is issued by Macropod, which is described as Australia’s first licensed stablecoin issuer and holds an Australian Financial Services Licence. The stablecoin has recently been listed on the exchange Independent Reserve and has been involved in the Reserve Bank of Australia’s Project Acacia, which explored use cases for digital settlement assets.
With the new arrangement, Zodia Custody’s institutional clients can hold AUDM within the firm’s cold-storage custody setup. The company says this allows institutions to access and store the stablecoin under custody arrangements designed to meet regulatory and security requirements.
A programmable settlement asset
As an Australian dollar-backed stablecoin, AUDM is intended to be used as a programmable settlement asset, including for tokenised payments, on-chain financial instruments and cross-border transactions. Zodia Custody describes the move as an expansion of its stablecoin offering and part of its broader focus on regulated digital asset issuers.
Ryan Hodges, managing director for Australia at Zodia Custody, said the support for AUDM is aimed at enabling institutional participation in developments such as real-time settlement and tokenised cash instruments.
Drew Bradford, CEO of Macropod and Catena Digital, said the custody support follows the development of use cases through Project Acacia and underlines the role of institutional-grade custody as stablecoins are integrated into financial infrastructure.
