Standard Chartered signs deal to buy out Zodia Custody
- —Standard Chartered will acquire 100% of Zodia Custody under a definitive agreement
- —Zodia's custody operations will be absorbed into the bank
- —The software business will move to a standalone SC Ventures-backed company
- —Completion is pending regulatory approval
Why it matters: A major bank taking full ownership of a crypto custodian signals growing institutional demand for digital-asset safekeeping.
Source: PANews
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