🔗 Crypto & Blockchain

StanChart Set to Absorb Zodia Custody—Finally

Standard Chartered's flirting with bringing Zodia Custody in-house. After years of hype, is this the quiet admission that crypto custody doesn't pay standalone?

Standard Chartered headquarters with Zodia Custody logo merging into bank structure

⚡ Key Takeaways

  • Standard Chartered plans to internalize Zodia Custody's core ops into its CIB division. 𝕏
  • Move echoes big banks like BNY Mellon and Morgan Stanley grabbing custody in-house. 𝕏
  • Minority shareholders' fate unclear; signals end of standalone crypto custodians. 𝕏
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Originally reported by Cointelegraph

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