Foresight News reports, according to Asset Servicing Times,$STANCHART (02888.HK)$The bank has signed a definitive agreement to acquire 100% of the equity interest in Zodia Custody Limited through its subsidiary, Standard Chartered I H Limited. The transaction remains subject to regulatory approval and customary closing conditions.
Zodia Custody Limited is the parent company of Zodia Custody's regulated operating entities in Singapore, Hong Kong, Australia, the United Arab Emirates, and Luxembourg. Upon completion of the transaction, Zodia Custody's regulated digital asset custody business will be integrated into Standard Chartered Bank's existing digital asset custody operations within its Securities Services division. Meanwhile, Zodia Custody's digital asset software and professional services businesses will be spun off into an independent entity, Zodia Solutions, newly established under Standard Chartered's innovation arm, SC Ventures. This new entity will continue to provide infrastructure services to financial institutions, including Standard Chartered, and has secured investment from banks such as NAB Ventures, Northern Trust, SBI Ventures Asset, and Emirates NBD Bank. Standard Chartered stated that it expects this transaction to have no impact on its clients, with existing Zodia Custody customers continuing to receive services as usual.
Foresight News previously reported that Standard Chartered Bank announced in May 2026 its intention to acquire the crypto‑asset custody business of its wholly owned subsidiary, Zodia Custody, and that its non‑binding acquisition offer has been accepted by Zodia Custody's other shareholders and note holders.