Standard Chartered has signed a deal to take full ownership of Zodia Custody, a digital custody provider. The bank's Securities Services business will now oversee custody operations. This move is the latest step in Standard Chartered's expansion into the digital assets sector.
Source
"Standard Chartered Takes Full Ownership of Zodia Custody" — The Defiant
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Defiant. Read the full original report at the link above.
Zodia's software and professional services will be rebranded under SC Ventures, the bank's venture capital arm. This separation allows for a clearer distinction between the bank's core business and its innovative ventures. The deal's specifics, including the terms of the acquisition, have not been disclosed.
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