Standard Chartered to Acquire Crypto Custodian Zodia Custody to Expand Digital Asset Offerings

British multinational Standard Chartered will acquire digital asset custodian Zodia Custody, integrating its services into Standard Chartered's existing digital asset custody activities. Zodia Custody shareholders approved the offer in May, and the acquisition supports Standard Chartered's global expansion of crypto-related offerings, which already include services in the UAE, Luxembourg, and Hong Kong, and plans for Singapore. Zodia Custody CEO Richard Clark said bringing Zodia Custody's expertise with Standard Chartered’s global reach will strengthen its custody offering for institutional clients.