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.