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.