Standard Chartered has signed a definitive agreement to acquire Zodia Custody, a digital asset custody provider, following shareholder approval of a non-binding offer in May. This acquisition is still subject to regulatory approvals, according to CoinTelegraph.
The deal marks a significant step for Standard Chartered in expanding its footprint in the digital asset space, reflecting growing institutional interest in crypto custody solutions. Zodia Custody specializes in secure storage services for cryptocurrencies, aligning with Standard Chartered’s strategy to enhance its digital asset offerings.
For Japanese investors and market participants, this acquisition highlights the increasing integration of traditional financial institutions with crypto infrastructure, a trend that could influence the evolving regulatory landscape and service offerings within Japan’s growing digital asset market.