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Standard Chartered Moves to Acquire 100% of Crypto Custodian Zodia Custody

Standard Chartered Moves to Acquire 100% of Crypto Custodian Zodia Custody

  • Standard Chartered said it has signed a definitive agreement to acquire 100% of Zodia Custody, its crypto custody subsidiary.
  • After the deal closes, Zodia Custody’s custody business will be integrated into the bank’s existing securities services division, while its software and other services will be transferred to Zodia Solutions.
  • Zodia Solutions plans to provide crypto infrastructure services to financial institutions, while Standard Chartered is expanding its crypto business, including the launch of spot BTC and ETH trading services in the UAE.

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Photo: Shutterstock

Standard Chartered is moving to acquire 100% of Zodia Custody, its cryptocurrency custody…

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