"Standard Chartered plans to fold Zodia Custody's core operations into its Corporate and Institutional Banking division as early as April 2026, while retaining its independent SaaS model. This move aims to enhance operational efficiency by merging duplicate custody functions that currently run in parallel within the bank and Zodia Custody."
"Zodia Custody will continue to operate as a standalone software-as-a-service platform, offering white-label crypto custody to other financial institutions. The practical outcome of this integration is a split identity, where custody services for the bank's clients are folded inward, while the SaaS business faces outward toward third-party banks and fintechs."
"Zodia Custody holds regulatory licenses in the UK, Luxembourg, Hong Kong, and Singapore, and operates from seven global offices. The firm supports custody for more than 75 cryptocurrencies and tokenized assets, positioning itself as a banking-born entity built specifically for digital assets."
Standard Chartered intends to merge Zodia Custody's operations into its Corporate and Institutional Banking (CIB) division by April 2026. Zodia Custody will maintain its independent software-as-a-service model, providing services to third-party banks across seven global locations and over 75 assets. The integration aims to enhance operational efficiency by eliminating redundant custody functions. Zodia Custody will continue to operate as a standalone platform, offering white-label crypto custody solutions. The firm holds regulatory licenses in multiple jurisdictions, including the UK, Luxembourg, Hong Kong, and Singapore.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]