Standard Chartered’s crypto custodian Zodia to raise $50M

Backed by several financial firms, Zodia expects to tap more diverse investors with a planned $50 million raise.

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Zodia Custody, the institutional cryptocurrency custody platform co-owned by Standard Chartered, is working to scale global operations with new funding.

Zodia Custody CEO Julian Sawyer disclosed the company’s plans to raise $50 million to expand its reach and launch new products, Bloomberg reported on Nov. 4.

Backed by several financial firms, Zodia expects to tap a more diverse range of investors, such as companies focused on payments and tokenization, Sawyer said.

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