Standard Chartered plans to merge parts of Zodia Custody into its digital assets division
Crypto Briefing
Standard Chartered intends to integrate Zodia Custody’s client-facing operations into its own digital asset division to strengthen its institutional crypto service offerings.Summary
Standard Chartered plans to merge the client-facing operations of Zodia Custody into its internal digital asset division while maintaining Zodia as a standalone software-as-a-service platform. Zodia Custody, backed by Standard Chartered, Northern Trust, and SBI Holdings, provides institutional-grade digital asset storage. This strategic shift aligns with the bank's broader push into crypto prime brokerage and follows increased institutional demand for secure, compliant custody solutions as the market for digital assets is projected to grow significantly by 2035.
(Source：Crypto Briefing)