Standard Chartered Consolidates Digital Asset Offerings

Standard Chartered is taking steps to adapt to an evolving market by restructuring its Zodia Custody division.

The proposed integration of Zodia's crypto services with its corporate banking division will enable the bank to streamline its digital asset offerings and improve operational efficiency.

This move follows a broader trend in the banking sector, where major institutions are increasingly bringing digital asset custody in-house.

Standard Chartered has been rapidly expanding its presence in the digital asset sector since 2020, when it established Zodia Custody.