TechFlow News — Zodia Custody, a subsidiary of Standard Chartered and a cryptocurrency custodian, has completed a $36 million Series A funding round led by Japan's SBI Group, which has become its second-largest shareholder. The funds will be used for geographic expansion beyond Europe and Asia, as well as to support additional digital assets, including staked ETH.
Earlier this year, in March, Zodia Custody registered in Luxembourg as a Virtual Asset Service Provider (VASP), expanding its operations across Europe. Zodia Custody is a wholly owned subsidiary of Standard Chartered, with Northern Trust holding a 10% stake in the business.
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