Standard Chartered Moves To Take Full Control Of Zodia Custody

TL;DR: Standard Chartered has signed definitive agreements to acquire Zodia Custody, deepening its push into institutional digital asset safekeeping. Standard Chartered is bringing one of its better-known digital asset ventures closer to the centre of the bank. On October 21, the banking group announced definitive agreements to acquire 100% of Zodia Custody Limited through Standard Chartered I H Limited. The agreement follows a previously accepted non-binding offer and remains subject to regulatory approvals and customary closing conditions. Until those steps are complete, this is a signed acquisition agreement rather than a completed takeover. Zodia’s regulated custody operations are intended to be integrated into Standard Chartered’s Securities Services activities, where the bank already services traditional institutional assets. Its software and professional-services business will instead be separated into Zodia Solutions under SC Ventures, with participation from existing institutional backers. That split tells an interesting story about where traditional finance sees value in crypto. Keeping custody alongside established securities services could make it easier for institution