Standard Chartered Takes Full Control of Its Zodia Crypto Custody Arm
On Wednesday, Standard Chartered disclosed that it has signed definitive agreements to acquire 100% of Zodia Custody, bringing a six-year institutional crypto venture fully into its banking operations. Founded in 2020 alongside Northern Trust, Zodia evolved from a bitcoin and ether custodian into a multinational digital asset business. The acquisition reunites its regulated custody operations […]
Standard Chartered has signed definitive agreements to acquire 100% of Zodia Custody, the institutional crypto custodian it founded in 2020 with Northern Trust. The move brings a six-year digital asset venture fully inside the bank's regulated operations, consolidating custody of bitcoin and ether under a major global lender. Traders may read this as continued institutional commitment to crypto infrastructure, a modest confidence signal even though no new capital or client flows are disclosed.
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