Standard Chartered · Cointelegraph
Standard Chartered to absorb Zodia Custody’s core business, spin out Zodia Solutions
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Standard Chartered will absorb Zodia Custody’s regulated crypto business and spin out Zodia Solutions, as big banks move to own core digital asset custody in-house.
Key facts
- Zodia Custody was originally launched in 2020 by Standard Chartered and Northern Trust as a regulated crypto custody platform for institutional investors
- In February 2026, Morgan Stanley applied for a US de novo national trust bank charter
- BNY Mellon, for example, launched its Digital Asset Custody platform in the US as far back as 2022, enabling selected clients to hold and transfer Bitcoin (BTC) and Ether (ETH) alongside traditional
- Standard Chartered will absorb Zodia Custody’s regulated crypto business and spin out Zodia Solutions, as big banks move to own core digital asset custody in-house
Summary
Standard Chartered has announced that its offer to acquire the business of Zodia Custody has been accepted by shareholders. The deal, announced Monday, will consolidate Standard Chartered’s digital asset custody operations while separating a standalone infrastructure platform for institutional clients. Zodia Solutions will be established as an independent entity under SC Ventures, backed by several banking investors, including existing Zodia Custody shareholders, and will provide “bank-grade infrastructure” to financial institutions, including Standard Chartered, as they expand digital asset services. Zodia Custody was originally launched in 2020 by Standard Chartered and Northern Trust as a regulated crypto custody platform for institutional investors.