British multinational Customary Chartered will purchase digital asset custodian Zodia Custody, months after signing an settlement.
An announcement from London-based Zodia Custody on Wednesday said that the deal will see the corporate’s service built-in into Customary Chartered’s present digital asset custody actions.
Customary Chartered is increasing its crypto-related choices worldwide. Earlier this month, it mentioned it had plans to supply crypto custody companies for institutional purchasers in Singapore. It already provides the service within the UAE, Luxembourg, and Hong Kong.
“As institutional adoption of digital property accelerates, custody is more and more turning into a part of the worldwide banking panorama,” Zodia Custody CEO Richard Clark mentioned.
He added: “Zodia Custody has constructed a powerful enterprise with the specialist experience and capabilities to satisfy the wants of institutional purchasers.
“Bringing that experience along with Customary Chartered’s world attain and established banking platform will strengthen its digital asset custody providing and supply establishments with better entry to trusted, regulated custody companies worldwide.”
Ying Ying Tan, world head of securities companies and digital property at Customary Chartered, added that the deal “additional deepens our digital asset custody portfolio and reinforces our place as a number one supplier of digital asset companies globally.”
Zodia Custody shareholders in Might approved Customary Chartered’s provide to purchase the corporate.
The corporate works to custody bitcoin and different digital property for institutional and asset managers.
Customary Chartered has delved deeper into the crypto area in recent times. 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 companies in nations all over the world.
Prime banks worldwide are debuting or planning to debut crypto custody companies, with State Avenue, Customary Chartered, U.S. Financial institution, and Citigroup all committing to direct crypto custody over the previous 18 months.
Crypto custody is usually a place to begin for banks transferring into the digital asset area. BNY Mellon in 2022 became the primary main U.S. financial institution to supply digital asset custody companies.
