Standard Chartered to absorb Zodia Custody’s core business, spin out Zodia Solutions

Standard Chartered expects DeFi protocols to gain importance as $4 trillion in tokenized assets move on-chain. The bank says stablecoins and real-world assets could expand protocol activity through deposits, lending, and capital efficiency. Tokenized Assets Put DeFi Protocols in Focus Standard Chartered Bank forecast in a report published on May 18 that tokenized assets on […]

Bill Winters’ new strategy aims to ‘drive sustainable growth’ at Asia-focused lender

Standard Chartered projects $4 trillion in tokenized assets onchain by 2028, with mature DeFi protocols as the main beneficiaries. Standard Chartered projects that $4 trillion in tokenized assets will sit onchain by the end of 2028, evenly split between stablecoins…

Minnesota-based banking institutions and credit unions will be authorized to provide digital asset custody services in a nonfiduciary capacity as of Aug. 1.

Standard Chartered will absorb Zodia Custody’s regulated business and spin out Zodia Solutions as banks build crypto custody in-house.

Standard Chartered's acquisition of Zodia Custody's crypto business strengthens its position in the competitive digital-asset custody market. The post Standard Chartered plans to acquire Zodia Custody’s crypto business appeared first on Crypto Briefing.

Standard Chartered's acquisition enhances its competitive edge in the growing institutional crypto custody market, aligning with regulatory trends. The post Standard Chartered moves to take full control of Zodia Custody’s digital asset business appeared first on Crypto Briefing.

Costello's appointment as CFO could influence Standard Chartered's strategic focus on digital assets, impacting future capital allocation decisions. The post Standard Chartered appoints Manus Costello as permanent CFO appeared first on Crypto Briefing.