Standard Chartered announced Monday that its non-binding offer to acquire Zodia Custody — the digital asset custodian it co-founded in 2020 through its innovation arm SC Ventures — has been accepted by Zodia’s shareholders and noteholders.

The deal, subject to regulatory approvals, will fold Zodia’s regulated custody operations into Standard Chartered’s existing Financing and Securities Services business. The transaction is less a traditional acquisition than a strategic reorganization: a parent bank reclaiming the client-facing business it incubated at arm’s length, now that the market has matured enough to justify direct ownership.

Zodia was established alongside…

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