Zodia Markets, Standard Chartered's crypto subsidiary, is reportedly in talks to acquire Elwood Capital Management, a crypto firm backed by billionaire Alan Howard. The deal, expected to close this month, would provide Zodia with licenses as a virtual asset provider and investment business in Jersey. This move would boost Zodia's focus on over-the-counter crypto trading and settlement services. Zodia had previously halted services due to low demand for crypto products. Meanwhile, Standard Chartered has been looking to expand its crypto footprint, potentially launching its own Bitcoin and Ether trading desk.