Standard Chartered signs deal to acquire Zodia Custody

Standard Chartered has signed a deal to acquire Zodia Custody, the institutional crypto custody venture it previously backed alongside Northern Trust and SBI Holdings. The move consolidates the bank's digital asset infrastructure under its own roof, deepening its institutional custody offering. Traders would read this as continued traditional-finance commitment to crypto market plumbing, a modestly positive signal for institutional adoption even though no specific token is directly affected.