Zodia Markets, a subsidiary of Standard Chartered, is in acquisition talks with Jersey-based over-the-counter digital asset trading and settlement services business Elwood Capital Management, according to Bloomberg.
Acquiring Elwood Capital would give Zodia Markets virtual asset service provider licenses in the self-governing British island nation of Jersey as well as a functioning OTC trading services business. Elwood is backed by billionaire hedge fund manager Alan Howard, who co-founded Elwood Technologies in 2018.
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