Standard Chartered will acquire Zodia Custody’s regulated custody business and create a separate Zodia Solutions platform under SC Ventures.
Summary
- Standard Chartered will integrate Zodia Custody’s regulated unit into its Financing and Securities Services business.
- Zodia Solutions will become a separate SC Ventures platform serving banks and other financial institutions.
- crypto.news earlier reported that the move fits a wider bank race for crypto custody control.
Standard Chartered said Zodia Custody shareholders and noteholders accepted its non-binding offer. The deal still needs regulatory approvals and normal closing steps.
The bank will place Zodia…
