Standard Chartered Signs Definitive Agreements to Acquire Zodia Custody

Key Facts

1Standard Chartered has signed definitive agreements to acquire digital asset custodian Zodia Custody.

2The signing follows shareholders’ acceptance of a non-binding offer in May, with regulatory approvals still pending.

Standard Chartered has signed definitive agreements to acquire Zodia Custody, a firm specializing in institutional-grade digital asset custody services. Cointelegraph and The Block reported that the signing follows shareholders’ acceptance of a non-binding offer originally made in May, with the transaction still subject to pending regulatory approvals.

The acquisition is intended to strengthen the bank's infrastructure within the digital asset space following its recent launch of crypto trading services for wealth clients. SCBFY closed at $54.64 on October 20, 2026, having traded between a low of $53.94 and a high of $55.19 during that session.