According to Bloomberg, Standard Chartered Bank disclosed that it is seeking to fully merge some of its majority-owned Zodia Custody Ltd. operations with its digital asset operations division. The bank plans to integrate Zodia's crypto custody business into a unit under the Corporate and Investment Banking division that provides similar services, while Zodia Custody will continue to operate as an independent crypto asset custody software-as-a-service business. The related restructuring announcement may be released as early as this month.