Standard Chartered announced that its non-binding offer to acquire Zodia Custody has been accepted by the company’s shareholders and noteholders, pending regulatory approvals. The bank plans to fold Zodia’s regulated digital-asset custody operations into its Financing and Securities Services business, consolidating overlapping custody offerings that had been developed separately. Zodia Custody, which Standard Chartered co-founded with Northern Trust in 2020 through SC Ventures, had expanded across seven offices in Europe, Asia, and the Middle East and attracted minority investors including SBI Holdings, National Australia Bank, and Emirates NBD. At the same time, Zodia’s institutional technology platform will be separated into a new SC Ventures entity called Zodia Solutions, led by current CEO Julian Sawyer, to provide bank-grade digital-asset infrastructure to Standard Chartered and other financial institutions. The report says the digital asset custody market now exceeds $1 trillion in assets under custody and is projected to reach $7 trillion by 2035, with no disruption expected for existing Zodia custody clients while the deal awaits regulatory sign-off.