Standard Chartered Signs Definitive Agreement to Acquire Zodia Custody
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· body · New information from a source
Standard Chartered has executed a definitive acquisition agreement for Zodia Custody, following shareholder approval of a non-binding offer in May, per Cointelegraph.Zodia's custody operations will integrate into Standard Chartered's Securities Services business, while its software and professional services move to a separate Zodia Solutions entity under SC Ventures, according to The Defiant.- Standard Chartered has signed definitive agreements to acquire full ownership of Zodia Custody, according to The Block and Cointelegraph.
- The deal still requires regulatory approval, both outlets reported.
- The signing follows shareholders' acceptance of Standard Chartered's non-binding offer in May, according to Cointelegraph.
- Under the agreement, Zodia Custody's custody operations will be folded into Standard Chartered's Securities Services business, according to The Defiant.
- The company's software and professional services units will instead move to Zodia Solutions, which will sit under SC Ventures, Standard Chartered's innovation arm, The Defiant reported.
· summary · New information from a source
Standard Chartered has signed a definitive agreement to acquire Zodia Custody, with regulatory approvals still pending.- Standard Chartered has signed definitive agreements to take full ownership of Zodia Custody, pending regulatory approval.
· headline · New information from a source
Standard Chartered signs definitive deal to acquire Zodia Custody- Standard Chartered Signs Definitive Agreement to Acquire Zodia Custody
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Standard Chartered has signed definitive agreements to acquire full ownership of Zodia Custody, according to The Block and Cointelegraph. The deal still requires regulatory approval, both outlets reported.
The signing follows shareholders' acceptance of Standard Chartered’s non-binding offer in May, according to Cointelegraph.
Under the agreement, Zodia Custody’s custody operations will be folded into Standard Chartered’s Securities Services business, according to The Defiant. The company’s software and professional services units will instead move to Zodia Solutions, which will sit under SC Ventures, Standard Chartered’s innovation arm, The Defiant reported.
Sources: Cointelegraph, The Defiant, The Block
This article is for information only and is not financial advice.
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Story so far 2 updates
- digestStandard Chartered signs definitive deal to acquire Zodia Custodyfirst reported · 2 sourcescointelegraph.com · thedefiant.io
- storyStandard Chartered Signs Definitive Agreement to Acquire Zodia Custodyupdate · 3 sourcescointelegraph.com · thedefiant.io · theblock.co
