Standard Chartered agrees to buy all of Zodia Custody
Standard Chartered has signed agreements to acquire 100% of Zodia Custody. The deal awaits regulatory approval, and the software arm moves to Zodia Solutions.
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what happened
Standard Chartered has signed definitive agreements to acquire 100% of Zodia Custody Limited through its subsidiary Standard Chartered I H Limited, according to newsbtc.com. The deal follows a non-binding offer that was accepted earlier. Completion depends on regulatory approvals and customary closing conditions, so for now this is a signed contract rather than a finished takeover.
Zodia's regulated custody operations are set to be folded into the bank's securities services unit, which already handles traditional institutional assets. The software and professional-services business will move into Zodia Solutions under SC Ventures, with existing institutional backers taking part. The bank says current Zodia custody clients should not face any disruption during the process.
why it matters
For markets, the key point is the integration of custody with the bank's traditional business rather than any token launch. The setup could make it easier for institutional clients to reach both traditional and digital assets, while the technology arm can serve a wider group of financial firms. The price of the deal is not disclosed in the text.
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sources
- Standard Chartered Moves To Take Full Control Of Zodia Custody — newsbtc.com, 21 October 2026 at 17:20 UTC
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