Standard Chartered eyes full takeover of crypto custodian Zodia

Standard Chartered is reportedly in talks to acquire Zodia Custody outright, aiming to integrate its cryptocurrency custody services into the bank's existing digital asset divisions. While the British financial institution has declined to comment, sources indicate that a deal could be announced this month. This potential acquisition aligns with a broader trend of traditional banks expanding their digital asset offerings amid increasing regulatory clarity and competition in the crypto custody space. Zodia, a joint venture initially involving Standard Chartered and Northern Trust, has previously raised significant funding to develop its services.