Standard Chartered has entered into definitive agreements to acquire 100% of Zodia Custody, strengthening its position in institutional digital asset services and regulated cryptocurrency custody.
The proposed transaction, which remains subject to regulatory approvals and customary closing conditions, will bring Zodia Custody's regulated operations under Standard Chartered's Securities Services business.
Zodia Custody operates across several major financial jurisdictions, including Singapore, Hong Kong, Australia, the United Arab Emirates, and Luxembourg. Its integration is expected to expand the bank's institutional digital asset custody capabilities and support a more unified offering across traditional securities and digital assets.
As part of the restructuring, Zodia Custody's software and professional services business will be separated into Zodia Solutions, an independent entity established under SC Ventures.
The acquisition reflects growing institutional demand for regulated digital asset infrastructure, as established financial institutions continue expanding their presence in cryptocurrency custody, tokenization, and blockchain-based financial services.
Standard Chartered said existing custody clients would continue receiving services without expected disruption during the transition.
