Standard Chartered has signed definitive agreements to acquire 100% of Zodia Custody, the institutional digital asset custodian, the bank said in London on 21 October 2026. Financial terms were not disclosed.
Why Standard Chartered (via Standard Chartered I H Limited) is buying Zodia Custody Limited (100%)
Standard Chartered said the regulated custody business will be integrated into its digital asset custody activities within Securities Services after completion, as it expands its capabilities for institutional clients.
“We continue to invest in our platform and expand our capabilities to meet the evolving needs of our clients.”
Deal terms and financing
The buyer is Standard Chartered I H Limited. Zodia Custody's digital asset software and professional services business will move to Zodia Solutions, a new independent entity under SC Ventures whose investors include NAB Ventures, Northern Trust, SBI Ventures, Emirates NBD and Zodia Investments (Investcorp). The Block reported that shareholders and noteholders accepted the bank's non-binding offer in May.
Regulatory approvals and timing
The transaction is subject to regulatory approvals and customary closing conditions; no completion date was given.
Market context
Zodia Custody holds regulated operating entities in Singapore, Hong Kong, Australia, the UAE and Luxembourg. Richard Clark became chief executive after Julian Sawyer stepped down in September, according to The Block.
