Zodia Custody, a crypto-focused subsidiary of Standard Chartered, has raised $36 million in funding from SC Ventures and SBI Holdings, among other investors, as it pursues international expansion. The funds will be used to boost geographic expansion, increase token coverage, and improve interchange and off-exchange settlement services to protect client assets traded on crypto exchanges. Zodia Custody's CEO, Julian Sawyer, emphasized the importance of compliance in the digital asset ecosystem as investors demand greater assurance and rigor. Zodia Custody's sister firm, Zodia Markets, an institutional trading firm, is also accelerating plans to expand in the US in response to increased institutional demand.

(By Ryan Weeks)