Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
TechFlow News, May 18: According to Bloomberg, Standard Chartered Bank plans to acquire the crypto custody business of its majority-owned subsidiary Zodia Custody Ltd. to expand its digital asset services. The bank’s non-binding acquisition offer has been accepted by Zodia Custody’s other shareholders and noteholders, as stated in the announcement. Bloomberg previously reported this proposed transaction in April.
According to Bloomberg, Standard Chartered plans to acquire the crypto custody business of its majority-owned subsidiary Zodia Custody Ltd. to expand the bank’s digital asset services. The announcement states that Standard Chartered’s non-binding acquisition offer has been accepted by Zodia Custody’s other shareholders and note holders. Bloomberg previously reported this transaction proposal in April.
Navigating Web3 tides with focused insights
