Episode Details

Standard Chartered Acquires Zodia Custody, Spinning Off Zodia Solutions: A Strategic Move in Digital Asset Custody

Standard Chartered has officially taken over Zodia Custodys core business, consolidating its digital asset custody operations. The bank plans to spin off Zodia Solutions as a separate company under SC Ventures, backed by banking investors. Zodia Solutions will provide bank-grade infrastructure for financial institutions exploring digital assets. This acquisition aims to unlock new revenue streams and cost savings, strengthening global digital asset custody services. Existing custody clients can expect no disruption, as services will continue as usual. This move aligns with a broader trend of major banks building trust and establishing regulatory frameworks for crypto custody, with Standard Chartered positioning itself as a leader in the institutional crypto space.

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