Standard Chartered Gains Green Light for Zodia Custody Acquisition

Shareholders have approved Standard Chartered’s acquisition of Zodia Custody, paving the way for a restructuring of its digital asset custody operations. Under the plan, part of the custody business will be integrated within the bank, while a separate infrastructure-focused platform will be established for institutional clients.

In line with this restructuring, Zodia Solutions will be created as an independent entity under SC Ventures, with support from banking investors, including existing Zodia Custody shareholders. The platform is set to provide institutional-grade infrastructure for financial institutions expanding into digital asset services.

Standard Chartered said the transition aims to strengthen its global custody offering while ensuring that existing clients continue to receive uninterrupted services throughout the process.

Source: Standard Chartered