Zodia Custody, a crypto custody institution under Standard Chartered Bank, has completed a $36 million Series A financing round, led by SBI

2023-04-27 08:03:18

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ChainCatcher news, Standard Chartered's subsidiary and cryptocurrency custody institution Zodia Custody has completed a $36 million Series A funding round, led by Japan's [SBI](https://www.rootdata.com/zh/Investors/detail/SBI Investment?k=MTE0OTY=) company, which has become the second-largest shareholder. The funds raised will be used for geographical expansion beyond the European and Asian markets, as well as to increase more digital assets, including staked ETH.

Previous report indicated that Zodia Custody registered as a virtual asset service provider in Luxembourg in March this year, expanding its business scope to Europe. Zodia Custody is a wholly-owned subsidiary of Standard Chartered, with Northern Trust holding a 10% stake in the business. (Bloomberg)

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