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We’re Not Broke Yet: Standard Chartered Unleashes Crypto Catastrophe as Zodia Custody Craves Another Handout

A  illustration depicting a person trapped in a web of financial chains while Standard Chartered's Zodia Custody is shown breaking free, surrounded by rising cryptocurrency charts and dollar signs, symbolizing its expansion into new markets.

We’ve got a real treat for you folks today – Standard Chartered’s Zodia Custody is throwing its hat into the crypto ring, looking to raise a cool $50 million in funding because apparently $36 million just wasn’t enough to keep up with all the wannabe .

Source: bitcoin.com

Standard Chartered’s Zodia Custody is raising $50 million to expand its crypto custody services amidst increasing competition from both traditional finance and crypto-native firms. Standard Chartered’s crypto custody business, Zodia Custody, is reportedly in talks to raise $50 million to fund its expansion into new markets. CEO Julian Sawyer said that, unlike past funding rounds involving wholesale financial institutions, Zodia will seek investment from angel investors, tokenization, and payments firms. […]

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