From TokenPost · · 40s
Standard Chartered Acquires Zodia Custody
Standard Chartered to buy crypto custody firm Zodia Custody after regulatory approval.
In brief
Standard Chartered to buy crypto custody firm Zodia Custody after regulatory approval. Standard Chartered will acquire full ownership of crypto custody firm Zodia Custody once regulatory approval is granted. Originally reported by TokenPost.
Standard Chartered Signs Deal
Standard Chartered has signed a definitive agreement to acquire all of crypto custodian Zodia Custody, pending regulatory approval.
Acquisition Details
Standard Chartered plans to acquire 100% of Zodia Custody, with Zodia’s software business moving to a separate company backed by SC Ventures.
Regulatory Approval Needed
The purchase still requires regulatory approval after the deal closes, Zodia Custody’s custody business becomes part of Standard Chartered.
The short version
Standard Chartered will acquire full ownership of crypto custody firm Zodia Custody once regulatory approval is granted.
