Standard Chartered adquirirá el negocio de custodia de criptomonedas de su filial Zodia Custody

Mars Finance news, according to Bloomberg, Standard Chartered Bank will acquire its majority-owned subsidiary Zodia Custody’s crypto asset custody business, with its non-binding takeover offer already accepted by other shareholders and noteholders of Zodia Custody. Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, stated that this merger will pave the way for Standard Chartered to develop crypto custody services in new markets such as the UK and Australia. After the acquisition is completed, Zodia Custody’s infrastructure business will continue to operate as an independent software-as-a-service company, renamed Zodia Solutions, led by current CEO Julian Sawyer, with Standard Chartered’s venture capital division holding the majority stake in Zodia Solutions. Existing shareholders of Zodia Custody include Northern Trust, National Bank of Abu Dhabi, National Australia Bank, and SBI Holdings; whether all parties will continue to hold shares in Zodia Solutions is still under negotiation.