TechFlow news: Zodia Custody, a subsidiary of Standard Chartered Bank and cryptocurrency custodian, has announced its entry into the Singapore market, offering digital asset custody services to financial institutions.
It is reported that Zodia Custody has established a new entity, Zodia Custody (Singapore) Pte. Ltd., and appointed Kai Kano, former Managing Director at Bitgo, as its first Chief Executive Officer.
Previously, Zodia Custody, the crypto custody arm of Standard Chartered, completed a $36 million Series A funding round led by Japan's SBI Group, which became its second-largest shareholder. The funds will support geographic expansion beyond Europe and Asia, as well as enable the addition of more digital assets, including staked ETH.
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