Standard Chartered to Take Over Cryptocurrency Custody Business of its Subsidiary Zodia Custody

BlockBeats News, May 18th - According to Bloomberg, Standard Chartered Bank plans to acquire the crypto asset custody business of its subsidiary Zodia Custody to further expand the coverage of the bank's own digital asset business.

This London-based bank's non-binding acquisition proposal has been accepted by other Zodia Custody shareholders and noteholders. Earlier, Bloomberg reported on this proposed transaction in April.