🚀📈 Standard Chartered's crypto division, Zodia Markets, is eyeing a stake in Elwood Capital Management. This move could give Zodia licenses as a virtual asset service provider and investment business in Jersey.

🤝 Elwood Capital, backed by billionaire Alan Howard, offers OTC crypto trading and settlement services. The deal is expected to close this month.

💼 Zodia, a joint venture between Standard Chartered and Hong Kong’s BC Technology Group, aims to offer high-speed, wholesale cross-border settlement services between fiat currencies and stablecoins.

💰 OTC settlement operations now handle $50 to $60 million in daily trading volumes.

🔮 Standard Chartered is bullish on crypto, especially stablecoins, seeing them as a permanent part of the future of finance.

What do you think about this move? Let's chat in the comments! #CryptoNews #DeFi