Standard Chartered acquires Zodia Custody, expands digital asset services

Standard Chartered has finalized agreements to acquire Zodia Custody, securing full ownership of the crypto custodian after previously making a non-binding offer in May 2024. The deal, signed by Standard Chartered I H Limited, a subsidiary of the UK-based multinational banking group, marks the conversion of the earlier proposal into a binding arrangement. Under the definitive agreements announced on Wednesday, Standard Chartered I H Limited will take full control of Zodia Custody Limited. Zodia Custody serves as the parent organization for regulated digital asset custody operations across five jurisdictions: Luxembourg, Singapore, Hong Kong, Australia, and the United Arab Emirates.