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

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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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