Zodia Custody

Zodia Custody secured a Luxembourg payment licence from the CSSF, enabling regulated stablecoin custody and transfers across the EU.

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.

Standard Chartered has agreed to acquire Zodia Custody's crypto business and fold it into its own digital asset operations. This move is expected to enhance Standard Chartered's presence in the cryptocurrency market. The acquisition is a strategic step for the bank to expand its services.

Standard Chartered will absorb Zodia Custody's regulated crypto business and spin out Zodia Solutions. This move allows big banks to own core digital asset custody in-house. The deal is part of the banking industry's shift towards digital assets.

Standard Chartered is acquiring the remainder of its subsidiary Zodia Custody, expanding its control over the company. The move is expected to strengthen Standard Chartered's position in the market. Details of the acquisition have not been fully disclosed.

BitMEX has partnered with Zodia Custody to enable institutional crypto derivatives trading using off-exchange collateral stored in segregated custody. This collaboration aims to enhance institutional access to derivatives markets by leveraging secure, custodial solutions.