Standard Chartered Signs Deal to Acquire 100% of Zodia…
By Abdelaziz Fathi
AI summary of the source article
Standard Chartered has signed definitive agreements to acquire 100% of institutional digital asset custodian Zodia Custody. Zodia's regulated custody operations will join the bank's Securities Services division, while its software business will be spun out into Zodia Solutions.
Why it matters
The deal moves restructuring forward as Standard Chartered seeks to "combine conventional securities servicing with digital asset custody, settlement and institutional trading infrastructure," while potentially "reducing duplicated operational functions and improving coordination across client services."
Key facts
- Standard Chartered I H Limited signed definitive agreements to acquire 100% of Zodia Custody's parent company, with financial terms undisclosed.
- Zodia's regulated custody business will be integrated into Standard Chartered's Securities Services division.
- Zodia's software and professional services operations will be separated into an independent entity, Zodia Solutions, under SC Ventures.
Source excerpt · FinanceFeeds
Standard Chartered has signed definitive agreements to acquire 100% of Zodia Custody, advancing its plan to bring the institutional digital asset custodian into its banking operations. The transaction remains subject to regulatory approvals and customary closing conditions, with financial terms undisclosed. Announced on October 21, the agreement will see Standard Chartered I H Limited acquire Zodi…