Standard Chartered crypto custody firm Zodia in talks to raise $50 million

PANews reported on November 4 that according to Bloomberg, Julian Sawyer, CEO of Standard Chartered Bank's crypto custody company Zodia Custody, said in an interview that the company is seeking $50 million in funding from investors to promote its plans to enter new regions and expand its product range. Sawyer added that although Zodia is currently supported by several wholesale financial companies, it now hopes to attract more different types of investors, including payment and tokenization companies; Architect Partners, a consulting firm focusing on cryptocurrencies, is assisting in this work that began last month.

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