Standard Chartered Bank plans to fully acquire crypto custodian Zodia Custody, with the transaction still subject to regulatory approval.
Oct 21, 20:09
On October 21, Standard Chartered signed a definitive agreement to acquire 100% of the equity in crypto custody firm Zodia Custody, subject to regulatory approval, according to The Block.
Following the closing of the transaction, Zodia Custody's custody business will be merged into Standard Chartered; its software business will be transferred to a separate entity and managed by SC Ventures, Standard Chartered's innovation investment arm.