Standard Chartered to Absorb Zodia Custody’s Core Business in Digital Asset Consolidation

Standard Chartered is absorbing Zodia Custody's core business in digital asset consolidation, folding its regulated custody operations into Standard Chartered's existing Financing and Securities Services business. The deal is subject to regulatory approvals and will consolidate custody and eliminate operational overlap. Standard Chartered gains a consolidated client base and positions itself as one of the few global banks with a fully integrated, regulated crypto custody offering.