Zodia: Every single bank will soon need to hold digital assets, says Zodia CEO Julian Sawyer

Sawyer confirmed that Standard Chartered’s full acquisition of the firm is on track to target a signing at the end of June and complete by the end of August. What to know : Standard Chartered is set to fully acquire Zodia Custody by the end of August, folding its digital custody operations into the bank and effectively retiring the Zodia Custody brand. The deal underscores how major banks are abandoning in-house experiments and instead buying established crypto platforms to gain trusted, institutional-grade technology for digital asset custody, tokenization and stablecoin payments. As global banks move deeper into digital assets, regulation is converging across jurisdictions, with rapid progress in Asia and the Middle East and the broader crypto industry increasingly aligning with traditional banking rules such as KYC and AML.