Standard Chartered Moves To Take Full Control Of Zodia Custody
Photo: NewsBTC
TL;DR: Standard Chartered has signed definitive agreements to acquire Zodia Custody, deepening its push into institutional digital asset safekeeping. Standard Chartered is bringing one of its better-known digital asset ventures closer to the centre of the bank. On October 21, the banking group announced definitive agreements to acquire 100% of Zodia Custody Limited through Standard Chartered I H Limited. The agreement follows a previously accepted non-binding offer and remains subject to regulatory approvals and customary closing conditions. Until those steps are complete, this is a signed acquisition agreement rather than a completed takeover.
Also reported by Bitcoin.com News.
Source: NewsBTC
