- Zodia Custody became the first global custodian to support AUDM, an Australian dollar-backed stablecoin issued by Macropod, the country’s first licensed stablecoin issuer.
- The partnership allows institutional clients to hold AUDM in cold storage, facilitating programmable payments and real-time settlement for both traditional and crypto-native firms.
- AUDM recently debuted on the Independent Reserve exchange following its development in the Reserve Bank of Australia’s Project Acacia for tokenised settlement.
Zodia Custody has added cold-storage custody support for AUDM, an Australian dollar stablecoin issued by Macropod, making it the first global custodian to support the token.
AUDM is designed to track the Australian dollar on a 1:1 basis and is described as programmable, meaning it can be used in smart contracts and automated settlement workflows. Each token is fully backed by AUD held in segregated trust accounts at major Australian banks.
The firm said the support is aimed at institutional clients that want to hold AUDM in cold storage under institutional security and compliance standards.
The announcement comes almost a month after ASIC lowered the hurdles for businesses that handle stablecoins by removing the need for a separate AFS license for that particular activity.
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Support for AUDM
The firm said the support is aimed at institutional clients that want to hold AUDM in cold storage under institutional security and compliance standards. The firms pointed to use cases including tokenised payments, on-chain financial products, cross-border transfers, Australian dollar-based decentralised finance, smart-contract automation, and institutional or government disbursements.
Our clients demand secure access to the most significant innovations in digital assets, and our support for AUDM delivers directly on that promise. By becoming the first custodian to support Australia’s first regulated stablecoin, we are providing institutions with the infrastructure they need to confidently participate in the evolution of programmable finance, enabling real-time settlement, tokenised cash instruments, and capital-efficient treasury operations.
Ryan Hodges, Managing Director, Australia at Zodia Custody. Macropod is a joint venture between MHC Digital Group and Catena Digital. The issuer said it is the first Australian stablecoin issuer to obtain an Australian Financial Services Licence from the corporate regulator ASIC.
AUDM launched in October 2025 and is currently issued as an ERC-20 token on Ethereum, with plans to expand to additional blockchains.
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