Standard Chartered to acquire remainder of subsidiary Zodia Custody
Standard Chartered is set to acquire the remaining shares of its subsidiary, Zodia Custody, which has been accepted by other shareholders. The bank plans to integrate Zodia's custody activities into its own digital asset custody business. Additionally, Zodia's institutional crypto infrastructure will be transferred to a new independent entity under Standard Chartered's venture arm.
- ▪Standard Chartered will acquire the rest of Zodia Custody for an undisclosed amount.
- ▪The bank has been a majority shareholder of Zodia Custody since 2021.
- ▪Zodia's custody activities will be integrated into Standard Chartered's digital asset custody business.
Opening excerpt (first ~120 words) tap to expand
FinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailStandard Chartered to acquire remainder of subsidiary Zodia CustodyThe 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.By Jamie Crawley|Edited by Sheldon Reback May 18, 2026, 11:53 a.m. 1 min readMake preferred on (Corporate Locations/Unsplash)What to know: Standard Chartered is set to acquire the rest of its cryptocurrency custodian subsidiary Zodia Custody for an undisclosed amount.Zodia Custody's custody activities will be integrated into the bank's own digital asset custody business.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
Discussion
0 commentsMore from CoinDesk
