Standard Chartered Signs Deal to Take Full Ownership of Zodia Custody
Custody operations will join the bank’s Securities Services business, while software and professional services will move to Zodia Solutions under SC Ventures.
AI summary
Standard Chartered has signed a deal to take full ownership of Zodia Custody, folding the custody operations into its Securities Services business while moving software and professional services to Zodia Solutions under SC Ventures. The restructuring consolidates a major bank's crypto custody arm under direct institutional control. Traders should read this as continued institutional commitment to digital-asset infrastructure, a modestly positive signal for crypto market confidence even though no specific token is involved.
Narrative history
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25M AGOThe Block · Score 65 · via Zodia, Zodia Custody
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38M AGOCrypto Briefing · Score 55 · via Zodia, signs deal
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56M AGOYou’re reading thisStandard Chartered Signs Deal to Take Full Ownership of Zodia CustodyThe Defiant · Score 55
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1H AGOCointelegraph · Score 55 · via Zodia, Chartered signs
