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Standard Chartered signs agreement to acquire Zodia Custody

Standard Chartered has entered into definitive agreements to acquire 100% of Zodia Custody Limited. The acquisition remains subject to regulatory approvals and customary closing conditions, and financial terms were not disclosed. Zodia owns regulated operating entities in Singapore, Hong Kong, Australia, the United Arab Emirates, and Luxembourg. Upon completion of the transaction, Zodia’s custody operations will join Standard Chartered’s Securities Services unit. Its software and professional services business will become a separate entity under SC Ventures, called Zodia Solutions.

Zodia’s…

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