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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<p>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.</p>
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Standard Chartered's crypto custody subsidiary Zodia plans to raise 50 million USD.