Standard Chartered Moves to Acquire Crypto Custodian with Australian Operations

Standard Chartered has signed definitive agreements to buy Zodia Custody, a crypto custodian its venture arm agreed to launch with Northern Trust in 2020, including the custodian’s Australian business. The bank announced the agreements on 21 October, after Zodia’s shareholders and noteholders accepted its non-binding offer in May. Group entity Standard Chartered I H Limited will take 100% of Zodia Custody Limited. The deal still needs regulatory approvals and must meet customary closing conditions. The bank did not disclose the deal’s price or a completion date.

Source: Crypto News Australia