Standard Chartered plans to merge Zodia Custody with the digital asset division

LootboxPhobia · 2026-04-08T13:40:42+00:00

Investing.com -- According to Bloomberg on Wednesday, Standard Chartered Bank is seeking to merge its majority stake in Zodia Custody Ltd. with a digital asset operations division under its umbrella.The report states that the bank plans to integrate Zodia's cryptocurrency custody business into its corporate and investment banking division, which offers similar services.Under this plan, Zodia Custody will continue to operate as an independent SaaS business for digital asset custody.It is currently unclear whether Standard Chartered has engaged in negotiations with minority shareholders of Zodia Custody, including Northern Trust, National Bank of Abu Dhabi, National Australia Bank, and SBI Holdings.

LootboxPhobia

2026-04-08 13:40:42

Investing.com – According to a report from Bloomberg on Wednesday, Standard Chartered is seeking to merge part of its controlled business, Zodia Custody Ltd., with a digital-asset operating division within the firm.

The report says the bank plans to consolidate Zodia’s cryptocurrency custody business into a unit that offers similar services within its corporate and investment banking divisions.

Under the plan, Zodia Custody will continue to operate as an independent crypto-asset custody software-as-a-service business.

It is currently unclear whether Standard Chartered has held talks with Zodia Custody’s minority shareholders, which include Northern Trust Company, Emirates National Bank, National Australia Bank, and SBI Holdings Inc. The report says an announcement regarding the proposed restructuring may be released this month.

Standard Chartered is one of the earliest major financial institutions to move into the digital-asset space. It co-founded Zodia Custody with Northern Trust at the end of 2020. Since then, Zodia Custody has raised outside funding multiple times.

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