Regulation
Neutral
Standard Chartered signs definitive deal to acquire Zodia Custody
Image: CointelegraphStandard Chartered signed definitive agreements to acquire 100% of Zodia Custody UK Limited, the parent of Zodia's regulated entities in Singapore, Hong Kong, Australia, Luxembourg and the United Arab Emirates. The deal still needs regulatory approvals and closing conditions. It follows shareholders' acceptance of the bank's non-binding offer in May. Zodia's custody operations would fold into Standard Chartered's Securities Services business. Its software and professional-services assets would move to Zodia Solutions, an independent entity under SC Ventures.
Key points
- Standard Chartered signed definitive agreements to acquire 100% of Zodia Custody UK Limited, subject to regulatory approvals and closing conditions.
- The signing follows Zodia shareholders' acceptance of Standard Chartered's non-binding offer in May.
- Zodia's regulated custody operations would be integrated into Standard Chartered's Securities Services division.
- Zodia's software and professional-services assets would transfer to Zodia Solutions, an independent entity under SC Ventures.
Why it matters
The deal would move Zodia's licensed custody operations inside Standard Chartered, while a separate entity, Zodia Solutions, sells digital asset infrastructure to financial institutions. The transaction still requires regulatory approval before closing.
What's unclear
The reports do not state when regulators are expected to approve the deal or when closing would occur.
The value of the transaction is not disclosed in either report.
Sources · 3 publishers
The Defiant
Tier 1
Standard Chartered Signs Deal to Take Full Ownership of Zodia Custody
Crypto Briefing
Tier 2
Standard Chartered signs deal to acquire Zodia Custody
Coverage timeline
- First reported by Cointelegraph
- Also reported by The Defiant
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
