Alan Howard-backed Elwood to sell OTC business to Standard Chartered's Zodia Markets

📆 27/04/1403 03:19 ب.ظ
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The acquisition of Elwood Capital Management grants Zodia Markets licenses in the British Crown Dependency of Jersey.

Zodia Markets, a subsidiary of Standard Chartered, has agreed to acquire Elwood Technologies' Jersey-based digital asset over-the-counter trading business, Elwood Capital Management, for an undisclosed sum.

"The sale of our OTC trading business supports Elwood’s strategic plan to build a world-class end-to-end EMS and PMS software platform and allows us to fully dedicate our resources to the SaaS business,” Elwood CEO Chris Lawn said.

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Standard Chartered-backed Zodia Markets in talks to acquire Alan Howard-linked investment company: reportThe deal, which would represent Standard Chartered’s latest foray into crypto, is reportedly expected to close this month.
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