Standard Chartered Signs Zodia Deal, but Approval Awaits

TLDR Standard Chartered signed definitive agreements to acquire 100% of Zodia Custody Limited. The acquisition still requires regulatory approval, while the bank has not disclosed financial terms. Zodia Custody’s regulated operations will join Standard Chartered’s Securities Services division. Zodia Solutions will operate separately under SC Ventures, with backing from several banking investors. Standard Chartered signed [...]

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