SC Ventures

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.

SC Ventures has become the first external shareholder of GSR after making a strategic investment, deepening the relationship between the two firms that was established when GSR invested in Libeara, a tokenization platform backed by SC Ventures. This investment strengthens their partnership and marks a significant development for both companies. The move is expected to have positive implications for their collaborative efforts.