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Standard Chartered Bank will take over the cryptocurrency custody business of its subsidiary Zodia Custody.
BlockBeats News, May 18, according to Bloomberg, Standard Chartered Bank plans to acquire its majority-owned subsidiary Zodia Custody’s crypto asset custody business to further expand the bank’s digital asset services coverage.
This non-binding acquisition proposal from the London-based bank has been accepted by other Zodia Custody shareholders and noteholders. Previously, Bloomberg reported on this proposed deal in April.