Standard Chartered
Zodia Custody
Standard Chartered is moving to take full ownership of Zodia Custody by acquiring the shares it does not already control, further expanding the bank’s role in digital asset infrastructure.
The London-based bank announced that its non-binding offer has been accepted by Zodia Custody’s minority shareholders and noteholders, although financial terms were not disclosed. Standard Chartered has held a majority stake in the company since 2021.
Minority investors in Zodia Custody have included Northern Trust, Emirates NBD, National Australia Bank and SBI Holdings.
The acquisition follows reports that Standard Chartered had been considering a broader restructuring of the business. Under the planned arrangement, Zodia’s custody operations will be integrated directly into Standard Chartered’s digital asset custody division, while its institutional crypto infrastructure platform will be separated into an independent entity called Zodia Solutions.
Zodia Solutions will operate under SC Ventures, which also maintains an investment in Zodia Markets.
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