Standard Chartered Completes Acquisition of Zodia Custody
What happened
On October 21, 2026, Standard Chartered signed definitive agreements to acquire full ownership of Zodia Custody.
The Context
- Strategic Move: This acquisition follows a non-binding offer accepted in May 2026, reflecting growing institutional demand for regulated crypto custody.
- Global Reach: Zodia Custody operates in key financial hubs including Singapore, Hong Kong, and the UAE, enhancing Standard Chartered's global digital asset capabilities.
- Operational Synergy: Post-acquisition, Zodia's custody operations will merge with Standard Chartered's Securities Services, while its software division will become Zodia Solutions under SC Ventures.
The Number
— This represents the ownership stake acquired by Standard Chartered in Zodia Custody Limited, underscoring the bank's commitment to expanding its digital asset services.
Takeaway
As regulatory approvals are awaited, this acquisition could pave the way for enhanced institutional-grade digital asset custody services.
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Standard Chartered Moves To Take Full Control Of Zodia Custody
Standard Chartered has signed definitive agreements to acquire 100% of Zodia Custody Limited, enhancing its institutional digital asset safekeeping capabilities. This acquisition follows a non-binding offer and is subject to regulatory approvals and ...
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Standard Chartered signs definitive deal to acquire Zodia Custody
Standard Chartered has signed a definitive agreement to acquire Zodia Custody, following shareholder approval of its earlier non-binding offer. The acquisition is pending regulatory approvals, marking a significant step in the bank's expansion into c...