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