Standard Chartered is weighing changes to its digital-asset structure, with Bloomberg reporting that parts of Zodia Custody could be moved into one of the bank’s own operations.
The plan under review would shift part of Zodia’s crypto custody activity into a unit within the bank’s corporate and investment bank that already provides similar services.
Zodia could still remain a separate software-as-a-service business focused on digital-asset custody under the structure being considered.
Bloomberg also reported that an announcement could come as soon as this month, though it remains unclear whether Standard Chartered has held talks with all of Zodia’s minority investors.
Those investors include Northern Trust, Emirates NBD, National Australia Bank and SBI Holdings, alongside Standard Chartered.
Standard Chartered and Zodia Custody declined to comment on the report, while some of the other shareholders either declined to comment or did not immediately respond.
The review comes as Standard Chartered continues to build out its digital-asset business through both its core bank and affiliated ventures.
In January 2025, the bank received a licence in Luxembourg to offer crypto and digital-asset custody services to clients in the European Union.
It later launched digital-assets trading for institutional clients in July 2025, and said at the time that its Corporate and Investment Bank was already offering digital-assets custody and trading alongside ventures including Zodia Custody and Zodia Markets.
Standard Chartered partnered with Northern Trust to launch Zodia in December 2020.
Zodia now lists offices in London, Dublin, Luxembourg, Singapore, the UAE, Sydney and Hong Kong on its website.
Featured image: Edited by Fintech News Singapore, based on image by sitthiphong via Freepik