The 44th largest global bank, which owns a majority of a crypto-custody business, is planning on raising more capital.
Bloomberg reports Zodia Custody Ltd., a Standard Chartered subsidiary, is currently in negotiations to raise approximately $50 million from investors.
Zodia Custody CEO Julian Sawyer stated that this capital raise would help finance the expansion of Zodia Custody into other countries while expanding the product offering.
Zodia Custody has 15 offices around the world, including London, Dublin and Sydney. The digital asset custody supports Bitcoin is one of the 50+ crypto-assets.BTCEthereumETH), XRP, Solana (SOL), Cardano (ADA), BNB, Polkadot (DOTTetherUSDTUSD Coin) (USDC).
Zodia Custody is also backed by the National Australia Bank, Northern Trust Corp., and the Japanese financial giant SBI Group. Zodia Custody wants to attract a broader range of investors than just large financial institutions.
Metaco will launch its digital assets infrastructure in December 2023. Ripple Labs, which owns Metaco. announced Integration with Zodia Custody
“The integration enables institutions to access Zodia Custody’s bank-grade custody solutions through Metaco. The expanded collaboration between the two companies follows a longstanding strategic relationship and is designed to further build out networked options for institutional investors, enabling them to gain additional secure, reliable and compliant end-to-end digital asset service capabilities.”
Don’t Miss a Beat – Subscribe Get email notifications delivered straight to your Inbox
Check this out Price Action
Please follow us X, Facebook You can also find out more about the following: Telegram
Search for a way to surf The Daily Hodl Mix
 
Disclaimer: The Daily Hodl does not provide investment advice. Investors must do due diligence prior to making high-risk investment in Bitcoin, cryptocurrency and digital assets. Your transfers and trades will be at your risk and you are responsible for losses. The Daily Hodl neither advises the purchase or sale of cryptocurrencies, digital assets or any other type of digital asset. Nor is The Daily Hodl a financial advisor. The Daily Hodl is an affiliate marketer.
Midjourney – Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com
