Standard Chartered to acquire all Zodia Custody shares

Standard Chartered will acquire the remaining shares of Zodia Custody, consolidating the institutional crypto custody provider under the bank after shareholder and bondholder approvals. Zodia Custody’s operations will be folded into Standard Chartered’s digital asset custody division while its institutional infrastructure platform will be spun out as an independent company, Zodia Solutions, managed by SC Ventures. Financial terms were not disclosed. Market impact: the deal signals deeper integration between traditional banks and crypto infrastructure, likely boosting confidence in institutional custody solutions for Bitcoin and other digital assets and intensifying competition among custody providers. The move could ease on-ramps for institutional BTC exposure by leveraging a major bank’s regulatory and compliance capabilities, though regulatory scrutiny and client transitions remain near-term considerations.