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Standard Chartered Signs Deal to Acquire Zodia Custody 100% on October 21
According to Standard Chartered's official announcement, the bank signed definitive agreements on October 21 to acquire 100% of Zodia Custody, subject to regulatory approvals. Zodia's custody business, with regulated entities in Australia, Singapore, Hong Kong, the UAE, and Luxembourg, will be integrated into Standard Chartered's Securities Services unit. Zodia's software and professional services arm will be separated into an independent company called Zodia Solutions under SC Ventures.