Zodia, a cryptocurrency custodian backed by Standard Chartered Bank, has won approval from the UK's FCA

Zodia, a cryptocurrency custodian backed by Standard Chartered Bank, has started operations after receiving formal approval from the UK's Financial Conduct Authority (FCA) on July 16. Zodia's registration date is July 15, according to the FCA's public website. Zodia is a cryptocurrency custodian platform launched in December by SC Ventures, the venture capital arm of Standard Chartered Bank, in partnership with Northern Trust. (The Block)