Standard Chartered weighs crypto custodian takeover

Standard Chartered Plc is reportedly considering a significant move within the digital asset space by exploring a partial takeover of Zodia Custody Ltd., a cryptocurrency custodian it majority owns. The bank is evaluating options to fully merge certain operations of Zodia Custody with one of its existing digital-asset business units. This strategic consideration underscores Standard Chartered's ongoing commitment and interest in the evolving cryptocurrency market and its infrastructure. The potential consolidation aims to streamline its digital asset services and enhance its competitive position in the custody sector.