Standard Chartered signs definitive deal to acquire Zodia Custody

Standard Chartered has officially executed a definitive deal to acquire Zodia Custody, advancing its strategic entry into the digital asset infrastructure sector. The agreement follows the successful acceptance of the bank's non-binding offer by shareholders earlier in the year. While the transaction still requires standard regulatory approvals, it underscores the growing commitment of global financial institutions to secure crypto custody solutions. Zodia Custody will benefit from Standard Chartered's extensive banking network and compliance framework to scale operations safely. Institutional clients are increasingly demanding regulated custody options for cryptocurrencies as digital asset adoption matures. This acquisition positions Standard Chartered as a key institutional player bridging traditional finance and blockchain infrastructure.