Standard Chartered to Acquire Zodia Custody Crypto Unit After Shareholders Accept Offer
Updated
Updated · Bloomberg · May 18
Standard Chartered to Acquire Zodia Custody Crypto Unit After Shareholders Accept Offer
2 articles · Updated · Bloomberg · May 18
Standard Chartered said it will acquire the crypto custody business of majority-owned Zodia Custody after other shareholders and noteholders accepted its non-binding offer.
The deal would fold Zodia’s custody operations into the bank’s own digital-asset business, extending Standard Chartered’s direct reach in crypto services.
London-based Standard Chartered disclosed the move on Monday, after Bloomberg reported in April that the bank was pursuing the transaction.
With big banks buying up crypto infrastructure, are specialized digital asset custodians facing an extinction event?
As Standard Chartered absorbs its crypto unit, will this kill fintech innovation or create a new blueprint for global banks?
Is this deal the final signal that tokenized real-world assets are now officially mainstream for institutional finance?