Zodia Markets is reported to be in talks to buy Elwood Capital Management, a crypto firm backed by billionaire hedge fund manager Alan Howard.
Zodia Markets, the crypto subsidiary of British multinational bank Standard Chartered, is reported to be in talks to buy Elwood Capital Management, a crypto firm backed by billionaire hedge fund manager Alan Howard.
The deal between Zodia Markets and Elwood Capital — which offers over-the-counter crypto trading and settlement services — is expected to close before the end of this month, Bloomberg reported on July 9, citing people familiar with the matter.
Zodia Market’s acquisition of Elwood Capital would provide the firm with licenses as a virtual asset provider and investment business in Jersey — an island British crown dependency off the coast of Northern France — one person familiar with the deal said.
