Gate News message. On April 9, according to Bloomberg, Standard Chartered plans to bring back the client custody business of its Zodia Custody to its Corporate and Investment Bank (CIB) digital assets division, with the announcement at the earliest this month. After the restructuring, Zodia will continue operating only as an independent custody technology software-as-a-service (SaaS) platform. Standard Chartered co-founded Zodia Custody at the end of 2020 with Northern Trust through its innovation arm, SC Ventures. It later attracted a small number of equity investors such as SBI Holdings, National Australia Bank, and Emirates NBD, and currently has about 150 employees across seven offices worldwide.
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