Standard Chartered signs definitive deal to acquire Zodia Custody

Standard Chartered has signed a definitive agreement to acquire Zodia Custody after shareholders accepted a non-binding offer in May. Although regulatory approvals are still pending, the acquisition aims to enhance Standard Chartered's digital asset services. This strategic move could potentially reshape institutional crypto custody by integrating Zodia Custody's capabilities. The deal follows a process initiated earlier this year, signaling a significant expansion of the bank's infrastructure for managing digital assets for institutional clients.