News Formal

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

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Zodia Markets News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: TheBlock__ - 🏆 464. / 53 Read more »

U.S. stock markets close, Nvidia reaches No.1 market cap - what's moving marketsU.S. stock markets close, Nvidia reaches No.1 market cap - what's moving markets
Source: Investingcom - 🏆 450. / 53 Read more »

U.S. stock markets close, Nvidia reaches No.1 market cap - what's moving marketsU.S. stock markets close, Nvidia reaches No.1 market cap - what's moving markets
Source: Investingcom - 🏆 450. / 53 Read more »