Standard Chartered to Absorb Zodia Custody's Crypto Business on May 18

According to Bloomberg, on May 18, Standard Chartered plans to acquire the crypto custody business of Zodia Custody, its majority-owned subsidiary, folding operations into the bank’s own digital asset infrastructure. The non-binding offer has been accepted by other Zodia Custody shareholders and noteholders. Zodia Custody will continue to operate as a standalone software-as-a-service platform after the transaction closes.

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