Custody
Standard Chartered to Acquire Zodia Custody, Expanding Digital Asset Services
Standard Chartered has entered into definitive agreements to acquire 100% of Zodia Custody UK Limited, the parent company of Zodia Custody’s regulated digital asset custody businesses in Singapore, Hong Kong, Australia, the UAE, and Luxembourg. This acquisition follows the acceptance of Standard Chartered’s non-binding offer and is subject to regulatory approvals and customary closing conditions.
Upon completion, Zodia Custody’s regulated operations will be integrated into Standard Chartered’s existing digital asset custody business within Securities Services. The bank anticipates that this integration will consolidate its custody operations, generate revenue synergies, and enhance its digital asset capabilities.
Additionally, Zodia Custody’s software and professional services business will be separated and transferred to Zodia Solutions, an independent entity to be established under SC Ventures. This entity will continue to provide bank-grade technology and infrastructure to financial institutions looking to expand their digital asset services.
Standard Chartered has been actively expanding its digital asset offerings, having received MiCA authorization in Luxembourg in June 2026, which allows it to offer digital asset services in the EU. The bank also plans to launch institutional crypto custody services in Singapore by the end of 2026.
FAQ
What is the purpose of Standard Chartered's acquisition of Zodia Custody?
The acquisition aims to expand Standard Chartered's digital asset services by integrating Zodia Custody's regulated operations into its existing custody business, enhancing capabilities and generating revenue synergies.
Which regions will Zodia Custody's operations cover after the acquisition?
Zodia Custody's regulated digital asset custody operations will be present in Singapore, Hong Kong, Australia, the UAE, and Luxembourg.
What will happen to Zodia Custody's software and professional services business?
Zodia Custody's software and professional services business will be separated and transferred to Zodia Solutions, an independent entity established under SC Ventures.
What regulatory approvals are needed for the acquisition to proceed?
The acquisition is subject to regulatory approvals and customary closing conditions before it can be finalized.
When does Standard Chartered plan to launch its institutional crypto custody services in Singapore?
Standard Chartered plans to launch its institutional crypto custody services in Singapore by the end of 2026.