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 with Standard Chartered while spinning off its technology platform. What began as a banking experiment in 2020 is returning to its institutional roots. Standard Chartered announced Wednesday that it has signed definitive agreements to acquire 100% of Zodia Custody, the digital asset custodian it launched alongside Northern Trust nearly six years ago.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.