Standard Chartered Considers Bringing Crypto Custody In-House ๐Ÿฆ



Standard Chartered is reportedly exploring a restructuring of its majority-owned crypto custodian Zodia Custody, potentially folding parts of the custody business into its corporate and investment banking division. The move would bring digital asset infrastructure closer to the bankโ€™s core operations while keeping Zodia running as a standalone SaaS platform.

The bank has been expanding its crypto footprint, including institutional trading services and plans for a prime brokerage platform. Zodia, launched in 2020 with Northern Trust, has since grown across Europe, Asia, and the Middle East with additional backing from investors like Emirates NBD and SBI Holdings.

The potential shake-up reflects a broader trend of major banks internalizing crypto custody. Firms such as Morgan Stanley and BNY Mellon are also moving digital asset services inside regulated banking entities as institutional demand for crypto infrastructure continues to grow.

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