Standard Chartered to acquire digital asset custodian Zodia Custody.

Standard Chartered Bank has agreed to purchase the digital asset custody company Zodia Custody.

The crypto custody service was jointly launched in 2020 by SC Ventures, the venture arm of the financial corporation, and Northern Trust. Initially, the bank held a controlling stake in Zodia through a subsidiary. This 90% stake was diluted after external funding was secured.

The financial terms of the deal have not been disclosed. The…