British multinational Normal Chartered will purchase digital asset custodian Zodia Custody, months after signing an settlement.
A press release from London-based Zodia Custody on Wednesday stated that the deal will see the corporate’s service built-in into Normal Chartered’s present digital asset custody actions.
Normal Chartered is increasing its crypto-related choices worldwide. Earlier this month, it stated it had plans to supply crypto custody providers for institutional purchasers in Singapore. It already affords the service within the UAE, Luxembourg, and Hong Kong.
“As institutional adoption of digital belongings accelerates, custody is more and more turning into a part of the worldwide banking panorama,” Zodia Custody CEO Richard Clark stated.
He added: “Zodia Custody has constructed a powerful enterprise with the specialist experience and capabilities to fulfill the wants of institutional purchasers.
“Bringing that experience along with Normal Chartered’s world attain and established banking platform will strengthen its digital asset custody providing and supply establishments with higher entry to trusted, regulated custody providers worldwide.”
Ying Ying Tan, world head of securities providers and digital belongings at Normal Chartered, added that the deal “additional deepens our digital asset custody portfolio and reinforces our place as a number one supplier of digital asset providers globally.”
Zodia Custody shareholders in Might accepted Normal Chartered’s supply to purchase the corporate.
The corporate works to custody bitcoin and different digital belongings for institutional and asset managers.
Normal Chartered has delved deeper into the crypto house lately. In 2025, the financial institution arrange a buying and selling desk for bitcoin and different cryptocurrencies in London, making it one of many first world banks to enter spot cryptocurrency buying and selling.
It has since debuted custody and buying and selling providers in nations world wide.
High banks worldwide are debuting or planning to debut crypto custody providers, with State Avenue, Normal Chartered, U.S. Financial institution, and Citigroup all committing to direct crypto custody over the previous 18 months.
Crypto custody is commonly a place to begin for banks shifting into the digital asset house. BNY Mellon in 2022 turned the primary main U.S. financial institution to supply digital asset custody providers.
