Standard Chartered Acquires Zodia Custody Control

Standard Chartered Acquires Zodia Custody’s Crypto Operations

• Standard Chartered plans to acquire the crypto custody operations of its subsidiary, Zodia Custody.
• The acquisition aims to integrate Zodia’s platform with Standard Chartered’s services, expanding digital asset custody in the UK and Australia.
• Zodia’s infrastructure unit will become an independent SaaS company, Zodia Solutions, led by CEO Julian Sawyer.
• Existing investors like Northern Trust and Emirates NBD are discussing future stakes in Zodia Solutions.
• This move positions Standard Chartered as a prominent bank offering integrated crypto custody services alongside BNY Mellon and State Street.

Standard Chartered’s acquisition of Zodia Custody’s operations enhances its position in the institutional crypto custody market, aiming to leverage its established financial standing for expanded digital asset services.