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 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 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…

Standard Chartered Acquires Zodia Custody Business, Plans Spin-Off

Standard Chartered to absorb Zodia Custody's crypto business and spin off Zodia Solutions under SC Ventures, advancing its institutional crypto strategy. (Read More)

Standard Chartered Targets Global Crypto Custody Growth

Standard Chartered Plc plans to acquire Zodia Custody’s crypto custody business after shareholder and noteholder approval of its non-binding offer. The deal will strengthen its institutional digital asset strategy. Zodia’s infrastructure unit will continue separately as Zodia Solutions under a SaaS model led by Julian Sawyer, with Standard Chartered’s venture arm as the majority owner. […]

Standard Chartered To Absorb Zodia Custody's Core Business In Digital Asset Consolidation

Standard Chartered announced Monday that its non-binding offer to acquire Zodia Custody — the digital asset custodian it co-founded in 2020 through its innovation arm SC Ventures — has been accepted by Zodia’s shareholders and noteholders. The deal, subject to regulatory approvals, will fold Zodia’s regulated custody operations into Standard Chartered’s existing Financing and Securities Services business. The transaction is less a traditional ac…