Standard Chartered to acquire Zodia Custody

Standard Chartered has entered into a definitive agreement to acquire 100% of Zodia Custody Limited. The deal moves the transaction from a non-binding offer to a binding agreement, subject to regulatory approvals and customary closing conditions.

Upon completion, the regulated custody business will be integrated into Standard Chartered’s existing digital asset custody activities within its Securities Services division. Zodia Custody maintains regulated operating entities in Singapore, Hong Kong, Australia, the United Arab Emirates, and Luxembourg.

As part of the restructuring, Zodia’s software and professional services assets will transition to Zodia Solutions, an independent entity to be established under SC Ventures. The bank has stated that existing custody clients should expect no disruption in service during the transition.