Standard Chartered to Acquire Zodia Custody's Core Business
Here's what it means for you.
Standard Chartered's acquisition of Zodia Custody signals a significant shift in the banking sector towards in-house management of digital asset custody.
What happened
Standard Chartered will absorb Zodia Custody’s regulated crypto business and spin out Zodia Solutions.
The Context
- Standard Chartered co-founded Zodia Custody in 2020.
- The acquisition aims to strengthen Standard Chartered's position in the digital asset custody market.
- Zodia Solutions will be spun out as part of the restructuring.
Takeaway
This acquisition positions Standard Chartered to better navigate the evolving regulatory landscape in digital assets.
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