Standard Chartered-backed Zodia Custody in talks to raise $50 million: Bloomberg

Standard Chartered's cryptocurrency custody arm, Zodia Custody, is in talks to raise $50 million in a new funding round.

BlockBeats News, November 4th, according to Bloomberg, Zodia Custody Ltd., the crypto custody arm of Standard Chartered Bank, is in talks to raise a new $50 million funding round. Zodia Custody CEO Julian Sawyer stated in an interview that the custody provider is seeking $50 million from investors to drive its expansion into new regions and broaden its product range. While Zodia has received backing from several financial firms, Sawyer added that they aim to attract a more diverse set of investors, including payment and tokenization companies. Sawyer noted that advisory firm Architect Partners, specializing in the crypto industry, is assisting in this effort that began last month.

Zodia Custody, a crypto custody institution under Standard Chartered Bank, is in talks to raise $50 million in a new round of funding. Zodia Custody aims to secure $50 million from investors to drive its expansion into new regions and broaden its product range. They hope to attract a more diverse group of investors, including payment and tokenization companies. The consulting firm Architect Partners, which focuses on the crypto industry, is assisting with this effort.

According to BlockBeats, on November 4th, Bloomberg reported that Zodia Custody Ltd., a crypto custody institution under Standard Chartered Bank, is in talks to raise $50 million in a new funding round. Julian Sawyer, CEO of Zodia Custody, stated in an interview that the custody institution aims to secure $50 million from investors to drive its expansion into new regions and to broaden its range of products. While Zodia currently has support from several financial companies, Sawyer added that they hope to attract a more diverse group of investors, including payment and tokenization companies. Sawyer mentioned that Architect Partners, a consulting firm focused on the crypto industry, is assisting in this effort, which began last month.

Zodia Custody, the cryptocurrency custody institution under Standard Chartered Bank, is currently in talks to raise $50 million in a new round of financing.

Standard Chartered's cryptocurrency custody subsidiary Zodia plans to raise $50 million to support its regional expansion and product line development plans.

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According to TechFlow, on November 4, Bloomberg reported that Zodia Custody Ltd., a digital asset custody business under Standard Chartered, is in talks for a new round of financing. Julian Sawyer, CEO of Zodia Custody, revealed in an interview that the company plans to raise $50 million to support its regional expansion and product line development plans. Sawyer stated that the company is engaging with businesses in the payments and tokenization sectors to seek potential funding support.
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Standard Chartered's crypto custody subsidiary Zodia plans to raise 50 million USD.

Standard Chartered's crypto custody company Zodia is in talks to raise $50 million in funding.

According to Foresight News, in an interview with Bloomberg, Julian Sawyer, CEO of the cryptocurrency custody firm Zodia Custody, stated that the company is seeking to raise 50 million dollars from investors to support its plans to expand into new regions and broaden its product offerings.

Standard Chartered's crypto custody firm Zodia is in talks to raise 50 million USD in funding.

Zodia Custody, the digital asset custody company under Standard Chartered Bank, is seeking to raise $50 million to facilitate its plans to expand into new regions and broaden its product offerings. Zodia is currently supported by several wholesale financial firms but hopes to attract more diverse types of investors, including payment and tokenization companies.

Odaily Planet Daily News: Zodia Custody, a digital asset custody company under Standard Chartered Bank, is in talks for a new round of financing. Zodia Custody CEO Julian Sawyer stated in an interview that the company is seeking to raise $50 million to support its plans to expand into new regions and broaden its product offerings. 

Sawyer added that although Zodia currently has the backing of several wholesale financial firms, it is now looking to attract a wider variety of investors, including payment and tokenization companies. Cryptocurrency-focused consulting firm Architect Partners is assisting with this financing effort that began last month. (Bloomberg)

Digital asset custody company Zodia Custody is seeking to raise $50 million.

Standard Chartered's crypto custody company Zodia is in talks to raise 50 million USD in funding.

PANews, November 4 - According to Bloomberg, Julian Sawyer, CEO of Standard Chartered's crypto custody company Zodia Custody, stated in an interview that the company is seeking to raise $50 million from investors to support its plans for expansion into new regions and to broaden its range of products. Sawyer added that although Zodia currently has the backing of several wholesale financial firms, it now aims to attract a more diverse group of investors, including payment and tokenization companies; the cryptocurrency-focused consulting firm Architect Partners is assisting with this initiative, which began last month.

Standard Chartered's cryptocurrency custody company Zodia is in talks to raise $50 million in funding.

Standard Chartered Plc’s digital assets storage business Zodia Custody Ltd. is in talks to raise a fresh round of capital, as competition heats up in the growing market for crypto safekeeping.

Standard Chartered Plc’s digital assets storage business Zodia Custody Ltd. is in talks to raise a fresh round of capital, as competition heats up in the growing market for crypto safekeeping.The custodian is looking to secure $50 million from investors to fuel its plans to branch out into new geographies and expand its range of products, Zodia Custody Chief Executive Officer Julian Sawyer told Bloomberg News in an interview. 

StanChart Crypto Custodian Zodia in Talks to Raise $50 Million Round

Standard Chartered’s crypto custodian Zodia to raise $50M
Backed by several financial firms, Zodia expects to tap more diverse investors with a planned $50 million raise.
Zodia Custody, the institutional cryptocurrency custody platform co-owned by Standard Chartered, is working to scale global operations with new funding. Zodia Custody CEO Julian Sawyer disclosed the company’s plans to raise $50 million to expand its reach and launch new products, Bloomberg reported on Nov. 4. Backed by several financial firms, Zodia expects to tap a more diverse range of investors, such as companies focused on payments and tokenization, Sawyer said. The firm reportedly launched the funding effort in October in collaboration with the crypto-focused advisory firm Architect Partners. Launched in 2021, Zodia has been emerging as a major international crypto custody platform, growing its presence in key financial hubs like London, Dublin, Luxembourg, Sydney, Hong Kong, Singapore and Tokyo. According to Zodia’s website, the company is headquartered in London and has obtained multiple regulatory registrations globally, including the Hong Kong Companies Registry. In 2023, Zodia raised $36 million in a Series A funding round led by the Japanese financial conglomerate SBI Holdings. Following the raise, Standard Chartered reportedly still owned a 90% stake in Zodia. Other backers include National Australia Bank and Northern Trust. As of October 2023, Zodia supported 38 cryptocurrencies, including Bitcoin ( BTC ) and Ether ( ETH ), as well as stablecoins like Tether’s USDt ( USDT ) and USD Coin ( USDC ). Financial institutions around the world have been increasingly expressing interest in crypto custody services in the past few years, with banking giants like Bank of New York Mellon launching digital custody services in 2022. In October, Komainu, a digital asset custody provider from Japan’s largest investment bank, Nomura Holdings, announced plans to acquire Singapore-based crypto custody business Propine Technologies, aiming to scale in Asia. Related: Saylor’s Bitcoin custody debacle highlights growing divide in crypto community Taiwan’s Financial Supervisory Commission was preparing to launch an institutional trial of crypto custody services in early October. In August, State Street announced a collaboration with the digital asset infrastructure firm Taurus to launch institutional custodial and tokenization services . Magazine: We took an ETHSafari to see how crypto is working out in Africa

Zodia Custody, the institutional cryptocurrency custody platform co-owned by Standard Chartered, is working to scale global operations with new funding. Zodia Custody CEO Julian Sawyer disclosed the company’s plans to raise $50 million to expand its reach and launch new products, Bloomberg reported on Nov. 4. Backed by several financial firms, Zodia expects to tap a more diverse range of investors, such as companies focused on payments and tokenization, Sawyer said. The firm reportedly launched the funding effort in October in collaboration with the crypto-focused advisory firm Architect Partners. Launched in 2021, Zodia has been emerging as a major international crypto custody platform, growing its presence in key financial hubs like London, Dublin, Luxembourg, Sydney, Hong Kong, Singapore and Tokyo. According to Zodia’s website, the company is headquartered in London and has obtained multiple regulatory registrations globally, including the Hong Kong Companies Registry. In 2023, Zodia raised $36 million in a Series A funding round led by the Japanese financial conglomerate SBI Holdings. Following the raise, Standard Chartered reportedly still owned a 90% stake in Zodia. Other backers include National Australia Bank and Northern Trust. As of October 2023, Zodia supported 38 cryptocurrencies, including Bitcoin ( BTC ) and Ether ( ETH ), as well as stablecoins like Tether’s USDt ( USDT ) and USD Coin ( USDC ). Financial institutions around the world have been increasingly expressing interest in crypto custody services in the past few years, with banking giants like Bank of New York Mellon launching digital custody services in 2022. In October, Komainu, a digital asset custody provider from Japan’s largest investment bank, Nomura Holdings, announced plans to acquire Singapore-based crypto custody business Propine Technologies, aiming to scale in Asia. Related: Saylor’s Bitcoin custody debacle highlights growing divide in crypto community Taiwan’s Financial Supervisory Commission was preparing to launch an institutional trial of crypto custody services in early October. In August, State Street announced a collaboration with the digital asset infrastructure firm Taurus to launch institutional custodial and tokenization services . Magazine: We took an ETHSafari to see how crypto is working out in Africa 

Standard Chartered’s crypto custodian Zodia to raise $50M

Standard Chartered-backed digital assets custodian Zodia Custody is in discussions to raise $50 million in a new funding round aimed at supporting its geographic expansion and broadening its product offerings, according toBloomberg News.Zodia Custody CEO Julian Sawyer shared that the additional capital will fuel its plans to enter new markets and enhance its service suite.The custodian is seeking to diversify its investor base by attracting participation from payment and tokenization companies, Sawyer noted. The fundraising effort, which began last month, is being advised by Architect Partners, a crypto-focused advisory firm.This new funding effort comes after Zodia's $36 million round led by SBI Holdings in April 2023. Other investors were kept unnamed at the time.In June, Zodia Custody announced a partnership with 21Shares to provide custody solutions for physically backed crypto exchange-traded products (ETPs) in Switzerland and Europe. The goal of this partnership was to offer added layers of security and regulatory compliance to 21Shares' investors, Sawyer said at the time.Standard Chartered is the majority investor into Zodia Custody. Other backers include Northern Trust, SBI Holdings and National Australia Bank Ltd. Zodia Custody also shares its name with Zodia Markets, a digital-asset trading firm that is likewise majority-owned by Standard Chartered.

Backed by several financial firms, Zodia expects to tap more diverse investors with a planned $50 million raise.

<img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/11/05/1xkrtmslwo5s.png'/>Backed by several financial firms, Zodia expects to tap more diverse investors with a planned $50 million raise.

据彭博社报道，标准 Chartered 支持的 Zodia Custody 正在洽谈筹集 5000 万美元。

据彭博社报道，渣打银行支持的Zodia Custody正在洽谈筹集5000万美元。

據彭博社報道，標準 Chartered 支持的 Zodia Custody 正在洽談籌集 5000 萬美元。