Standard Chartered has brought crypto custody home like a stray cat.
The 100% acquisition agreement for Zodia Custody is signed. Licences across five markets—Singapore, Hong Kong, Australia, the UAE and Luxembourg—are being folded into its securities services business; the software business is being spun off as Zodia Solutions and handed to SC Ventures. Five months ago, it was still a non-binding offer. Now it’s a binding contract. The price is confidential. Don’t unwrap the gift before regulators give the nod.
The bank has gone from watching from the doorway to moving the safe into its own living room.
The 100% acquisition agreement for Zodia Custody is signed. Licences across five markets—Singapore, Hong Kong, Australia, the UAE and Luxembourg—are being folded into its securities services business; the software business is being spun off as Zodia Solutions and handed to SC Ventures. Five months ago, it was still a non-binding offer. Now it’s a binding contract. The price is confidential. Don’t unwrap the gift before regulators give the nod.
The bank has gone from watching from the doorway to moving the safe into its own living room.