Crypto Firm Backed by Alan Howard in Acquisition Talks with Standard Chartered’s Zodia Markets
Standard Chartered’s crypto subsidiary, Zodia Markets, is in advanced talks to acquire Elwood Capital Management, a digital-asset business supported by billionaire hedge fund manager Alan Howard.
The deal, expected to close this month, will grant Zodia Markets licenses as a virtual asset service provider and investment business in Jersey. This acquisition supports Zodia’s strategy to provide high-speed, wholesale cross-border settlement services between fiat currencies and stablecoins, enhancing Standard Chartered’s role in digital assets.
Clever Robot News Desk 11st July 2024
