Standard Chartered’s crypto custody arm, Zodia Custody, is reportedly in discussions to raise $50 million in new funding. This capital infusion would support Zodia’s goal of expanding its secure digital asset custody solutions for institutional investors, addressing increasing demand for regulated crypto services. Backed by Standard Chartered and Japan’s SBI Holdings, Zodia Custody offers custody for popular cryptocurrencies like Bitcoin and Ethereum, emphasizing regulatory compliance and security. The additional capital is expected to help Zodia enhance its platform, increase its market reach, and provide robust infrastructure as institutional interest in cryptocurrency continues to rise.