Zodia Custody, co-owned by Standard Chartered, is seeking $50 million in funding to grow its international presence and introduce new products. The firm, backed by various financial institutions, aims to attract a wider range of investors, including those focused on payments and tokenization. Since its launch in 2021, Zodia has established itself as a prominent player in the crypto custody space, with offices in major financial centers worldwide. In 2023, the company secured $36 million in Series A funding, with Standard Chartered retaining a 90% stake. Zodia currently supports 38 cryptocurrencies, including Bitcoin and Ether. The growing interest in crypto custody services is evident, with institutions like Bank of New York Mellon and Nomura Holdings entering the market. Zodia's expansion plans align with the increasing demand for secure and reliable crypto custody solutions globally. Read more AI-generated news on: https://app.chaingpt.org/news

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