Standard Chartered Bank plans to transfer its Zodia Custody client custody business back to its Digital Assets division within Corporate and Investment Banking (CIB), according to Bloomberg on April 9. The reorganization is expected to be announced as early as this month. After the restructuring, Zodia will continue to operate solely as an independent custody technology Software-as-a-Service (SaaS) platform.


Standard Chartered Bank established Zodia Custody at the end of 2020 through its innovation arm SC Ventures in partnership with Northern Trust. It later attracted minority investors such as SBI Holdings, National Australia Bank, and Emirates NBD. Currently, it has approximately 150 employees across seven offices worldwide.
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