Standard Chartered is Taking Over Full Crypto Custody Platform Zodia

Standard Chartered is planning to integrate the client-facing custody operations of its subsidiary, Zodia Custody, directly into its Corporate and Investment Bank division. Following this restructuring, Zodia is expected to function solely as a Software-as-a-Service (SaaS) provider for custody technology. This move reflects a broader trend among major financial institutions, such as State Street and Morgan Stanley, to move digital asset custody into core, regulated banking operations as regulatory frameworks like MiCA provide more clarity. Experts view this as a shift where traditional banks are moving from experimental, arm's-length crypto ventures toward direct, fee-generating integration of digital assets within their primary capital markets businesses.

(Source：BeInCrypto)