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Standard Chartered-backed Zodia Markets in talks to acquire Alan Howard-linked investment company: report

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The deal, which would represent Standard Chartered’s latest foray into crypto, is reportedly expected to close this month.

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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Standard Chartered-Backed Zodia Custody Partners with Crypto Lending Firm Maple FinanceIan Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »