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Standard Chartered’s spin-off crypto custodial unit Zodia Custody Ltd. closed $36 million in new funding as part of a round led by Japan’s SBI Holdings, the digital-asset firm said on Thursday, marking a dilution of the British bank’s ownership over its subsidiary.
The U.S. market is in the midst of regulatory mayhem, so when Zodia Markets decided to kick off business, it looked anywhere else, namely Europe and the Middle East.
Standard Chartered-owned crypto custodian Zodia Custody Ltd. has secured registration as a virtual asset service provider in Luxembourg, expanding its reach into Europe.
Today the Monetary Authority of Singapore (MAS) shared the results of its first Project Guardian pilots that explore DeFi and tokenization. And it announced two more pilots, for trade finance and wealth management.Standard Chartered is leading a project to explore the tokenization of trade finance assets.