Standard Chartered go carry Zodia Custody join and still keep the SaaS custody platform

Bloomberg report sey Standard Chartered dey plan to carry Zodia Custody enter inside their Corporate and Investment Bank (CIB) division as early as April 2026. The change na to join the crypto custody systems wey dey overlap wey Standard Chartered internal digital-asset unit and the bank-backed Zodia Custody dey run side-by-side. Zodia fit still dey operate as standalone software-as-a-service (SaaS) custody technology platform. E dey expected to continue to offer white-label crypto custody for other banks and fintechs, support 75+ digital assets across different locations, get about 150 employees and some regulatory registrations. Standard Chartered no comment. Dem never confirm whether minority shareholders like Northern Trust, Emirates NBD, SBI Holdings and National Australia Bank dem call or talk to about the restructure. For traders, this crypto custody consolidation dey support institutional trend: big banks dey build or dey internalize custody, trading-adjacent services, stablecoin capabilities, and prime-brokerage stacks. E no be direct catalyst for spot-crypto, but e fit make institutions and ETFs see the infrastructure as more reliable, and over time e fit put competitive pressure on specialist custodians. The news come together with recent Zodia product progress, like support for AUDM stablecoin and launch of in-platform swaps via Zodia Switch, plus work on token-backed credit facilities.