Banking giant Standard Chartered plans to bring its majority-owned crypto custodian Zodia under its corporate and investment banking division while keeping the unit as a standalone brand, Bloomberg reported on 9 Apr.
Standard Chartered Eyes Deeper Control of Zodia Custody, Bloomberg Reports
9 April 2026 - 10:51 CEST
Zodia Custody, launched in 2020, offers institutional-grade digital asset safekeeping with segregated wallets and compliance tools for banks and asset managers. The London-listed bank has backed the firm since inception and helped expand its custody and exchange services.
The move follows the departure of Zodia Markets CEO Usman Ahmad in early April, with Nick Philpott appointed interim CEO. It remains unclear whether Standard Chartered has secured approval from Zodia’s minority investors, which include Northern Trust, Emirates NBD Bank, National Australia Bank and SBI Holdings, Bloomberg said.
Zodia and its backers did not immediately respond to Sandmark for requests for comment.
