Standard Chartered has entered into definitive agreements to acquire Zodia Custody, including 100% of Zodia Custody UK Limited, the parent company of its regulated operating entities in Singapore, Hong Kong, Australia, the United Arab Emirates and Luxembourg.
Post completion, Zodia Custody’s regulated digital asset custody business will be integrated into Standard Chartered’s existing digital asset custody activities within Securities Services. The move will consolidate Standard Chartered’s digital asset custody businesses and will drive value by unlocking revenue synergies, further strengthening the Group’s digital asset capabilities and supporting its ambition to build a unified client offering that integrates both traditional and digital asset securities services for institutional clients, globally.
As part of the transaction, Zodia Custody will separate its digital asset software and professional services business and transfer the assets relating to that business to Zodia Solutions, an independent entity to be established under SC Ventures. Zodia Solutions will continue to provide bank-grade infrastructure to financial institutions, including Standard Chartered, as they launch and scale digital asset services.
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