Standard Chartered signs definitive deal to acquire Zodia Custody
Summary
Standard Chartered signed definitive agreements to acquire 100% of Zodia Custody UK, including its regulated operating entities in Singapore, Hong Kong, Australia, Luxembourg and the UAE. The deal, first announced as a non-binding offer in May, remains subject to regulatory approvals and other closing conditions. Zodia’s custody business would join the bank’s Securities Services operations, while its software and professional-services assets would move to Zodia Solutions, an independent SC Ventures entity serving financial institutions. The acquisition expands the bank’s digital-asset services, following its launch of institutional spot Bitcoin and Ether trading in the UAE.
