• 34ºc, Sunny

Standard Chartered crypto custodian Zodia is in talks to raise $50 million

On November 4th, according to Bloomberg, Julian Sawyer, CEO of Standard Chartered crypto custodian Zodia Custody, said in an interview that the company is seeking $50 million in funding from investors to fuel its plans to enter new regions and expand its product range. Sawyer added that while Zodia is currently backed by a number of wholesale finance firms, it now wants to attract more different types of investors, including payments and tokenization firms; Architect Partners, a consultancy focused on cryptocurrencies, is assisting with this effort, which began last month.