Banking Giant Standard Chartered’s Crypto Custodian in Talks for $50,000,000 Capital Raise: Report

A crypto custody business that’s majority-owned by the world’s 44th-largest bank is reportedly planning to raise more capital. Bloomberg reports that Zodia Custody Ltd, a subsidiary of Standard Chartered, is in talks to secure approximately $50 million in funding from investors. According to Zodia Custody chief executive Julian Sawyer, the capital raise will help fund The post Banking Giant Standard Chartered’s Crypto Custodian in Talks for $50,000,000 Capital Raise: Report appeared first on The Daily Hodl .