Standard Chartered to Fully Acquire Zodia Custody by August

Standard Chartered is set to complete its full acquisition of Zodia Custody by the end of August, according to CoinDesk. This move will integrate Zodia's digital custody operations into Standard Chartered, effectively retiring the Zodia Custody brand. The acquisition highlights a trend among major banks to purchase established crypto platforms for institutional-grade digital asset custody, tokenization, and stablecoin payments. Zodia CEO Julian Sawyer emphasized the importance of trust in these financial use cases, noting that every bank will need to hold digital assets as the industry matures.