Zodia: Hong Kong's Gateway To The Crypto Universe?
Portfolio Pulse from Murtuza Merchant
Zodia Custody, a cryptocurrency security subsidiary of Standard Chartered Bank (OTC:SCBFF), is expanding into Hong Kong as part of its Asia-Pacific strategy. The move aligns with Hong Kong's growing affinity for digital assets and its established regulatory framework for digital assets. Zodia's backers include Standard Chartered, Northern Trust, and Japan’s SBI Holdings.
October 30, 2023 | 4:54 pm
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Standard Chartered's subsidiary, Zodia Custody's expansion into Hong Kong could potentially increase the bank's exposure to the growing digital asset market in the region.
Zodia Custody's expansion into Hong Kong, a city with a growing digital asset market, could potentially increase Standard Chartered's exposure and revenue from this sector. The move also aligns with the bank's strategy to establish a foothold in the Asia-Pacific market.
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