Standard Chartered is looking to take over crypto custody provider Zodia: Bloomberg
CoinDesk·1h ago·Neutral
What Happened
Standard Chartered PLC is reportedly seeking to fully acquire Zodia Custody Ltd., potentially merging it with one of its digital asset divisions this month, according to Bloomberg sources. Zodia has minority shareholders including Northern Trust, Emirates NBD, National Australia Bank, and SBI Holdings. The bank launched digital asset custody services in Luxembourg last year and introduced crypto trading for institutional clients. Zodia was established in 2020 as a joint venture between Standard Chartered and Northern Trust.
Key Entities
Standard Chartered PLCZodia Custody Ltd.Northern Trust Corp.Emirates NBD BankNational Australia BankSBI Holdings Inc.Bloomberg