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.