Standard Chartered to absorb Zodia Custody’s crypto business into its own operations: Bloomberg
The Block
Standard Chartered is integrating its subsidiary Zodia Custody's crypto business directly into its own digital asset infrastructure.Summary
Standard Chartered has reached a non-binding agreement to acquire the crypto custody operations of its subsidiary, Zodia Custody, and fold them into the bank's internal digital asset unit. While Zodia Custody will persist as a standalone software-as-a-service platform, this move follows Standard Chartered's recent efforts to build its own custody infrastructure, including obtaining a MiCA-compliant license in Luxembourg in early 2025. This integration marks a shift toward centralizing crypto custody services within the bank's corporate and institutional banking division.
(Source：The Block)