Standard Chartered Eyes Full Ownership of Crypto Custodian Zodia

Standard Chartered is exploring options for a full takeover of crypto custodian Zodia Custody Ltd., according to sources close to the matter. The bank is considering merging Zodia's business into one of its digital asset divisions or allowing it to continue operating as a separate software-as-a-service (SAAS) business for cryptocurrency custody.

The restructuring plan, which could be implemented as early as this month, aims to integrate Zodia's expertise in crypto custody with Standard Chartered's existing digital asset services. This move would enable the bank to strengthen its presence in the rapidly growing market for digital assets.