Standard Chartered to Absorb Zodia Custody’s Core Business in Digital Asset Consolidation

Standard Chartered has reached an agreement to integrate Zodia Custody's core regulated operations into its own Financing and Securities Services division. This strategic move aims to eliminate operational redundancies by merging overlapping digital asset custody services into the parent bank. Concurrently, Zodia's technology infrastructure will be separated into a new independent entity, Zodia Solutions, which will function as a SaaS provider for financial institutions. This restructuring reflects a broader industry trend where major banks seek to bring custody services in-house while maintaining specialized infrastructure platforms for the growing digital asset market.

(Source：Bitcoin Magazine)