Standard Chartered to Acquire Remainder of Subsidiary Zodia Custody

StanChart to Absorb Zodia Subsidiary’s Crypto Custody Business

Standard Chartered Plc plans to acquire the crypto custody business of its majority-owned subsidiary Zodia Custody Ltd., expanding the reach of the bank’s own digital-asset operations.

Standard Chartered to Absorb Zodia Custody, Spin Out Zodia Solutions

Standard Chartered will acquire Zodia Custody’s regulated crypto business and create Zodia Solutions under SC Ventures, formalizing its plan to bring custody in-house.

Standard Chartered to acquire remainder of subsidiary Zodia Custody

The bank's offer to acquire the slice of Zodia Custody it doesn't already own has been accepted by the firm's other shareholders and noteholders.

Standard Chartered to acquire Zodia Custody

Standard Chartered has signed a non-binding proposal to buy Zodia Custody, the digital asset custody company backed by SC Ventures. Zodia Custody provides bank-grade, regulated digital asset custody solutions for institutional clients worldwide. The proposal has been accepted by Zodia Custody’s shareholders and noteholders. The deal is still subject to regulatory clearance and other standard closing requirements. If completed, Zodia Custody’s re…

Standard Chartered to Acquire Zodia Custody | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis

Standard Chartered has announced that its non-binding offer to acquire Zodia Custody, a digital asset custodian backed by the bank’s venture arm SC Ventures, has been accepted by Zodia Custody’s shareholders and noteholders.  Completion of the transaction remains subject to regulatory approvals and customary closing conditions. The deal will see Zodia Custody’s regulated activities integrated into Standard Chartered’s existing digital asset cust…

Standard Chartered Absorbs Zodia Custody in Digital Asset Consolidation

Standard Chartered has agreed to acquire the custody business of Zodia Custody, the digital asset custodian it launched through its SC Ventures unit in 2020, folding the regulated entity into its existing Financing and Securities Services division. The bank said in a statement on May 18 that Zodia's shareholders and noteholders have accepted its non-binding offer, with completion subject to regulatory approval.The transaction consolidates two bu…