Standard Chartered to Acquire Zodia Custody on May 18 After Non-Binding Offer Accepted

According to Bloomberg, Standard Chartered accepted a non-binding offer on May 18 to acquire Zodia Custody, its majority-owned subsidiary’s crypto custody business. The London-based bank plans to combine Zodia’s custody arm with its own digital asset operations to expand into markets including the UK and Australia, pending regulatory approval. Zodia’s infrastructure business will continue as software firm Zodia Solutions under CEO Julian Sawyer.