tl;dr
Zodia Custody Ltd, majority-owned by Standard Chartered, is seeking to raise around $50 million in funding for expansion. The company, serving 15 jurisdictions and supporting over 50 crypto assets, aims to widen its product range and enter new countries. Its backers include National Australia Bank a...
Zodia Custody Ltd, a subsidiary of Standard Chartered, plans to raise $50 million to expand its digital asset custodian business globally. The company, backed by Standard Chartered, National Australia Bank, and Northern Trust Corp, aims to attract a more diverse set of investors.
Zodia Custody currently serves 15 jurisdictions, supports over 50 crypto assets, and has offices in major financial hubs. The integration with Metaco aims to provide institutional investors with secure, reliable, and compliant digital asset service capabilities.
Zodia Custody Ltd, majority-owned by Standard Chartered, is seeking to raise around $50 million in funding for expansion. The company, serving 15 jurisdictions and supporting over 50 crypto assets, aims to widen its product range and enter new countries. Its backers include National Australia Bank and Northern Trust Corp. Zodia is looking to attract a more diverse set of investors outside of large financial firms.
In December 2023, Zodia announced integration with Metaco to enhance digital asset service capabilities for institutional investors. A crypto custody business that’s majority-owned by the world’s 44th-largest bank is reportedly planning to raise more capital. Bloomberg reports that Zodia Custody Ltd, a subsidiary of Standard Chartered, is in talks to secure approximately $50 million in funding from investors.
According to Zodia Custody chief executive Julian Sawyer, the capital raise will help fund the expansion of the business into new countries and territories while widening the product range. Zodia Custody currently serves 15 jurisdictions and has offices in London, Dublin, Luxembourg, Sydney, Singapore, Hong Kong and Tokyo. The digital asset custodian supports over 50 crypto assets and this includes Bitcoin (BTC ), Ethereum (ETH ), XRP , Solana (SOL ), Cardano (ADA ), BNB , Polkadot (DOT ), Tether (USDT ) and USD Coin (USDC ). Besides the majority owner Standard Chartered, Zodia’s other backers include the National Australia Bank and financial services firm Northern Trust Corp.
Last year, Zodia Custody raised $36 million in a round by Japanese financial services giant SBI Group. Zodia Custody is now reportedly interested in attracting a more diverse set of investors outside of large financial firms. In December of 2023, the Ripple Labs-owned digital assets infrastructure provider Metaco announced integration with Zodia Custody.
“The integration enables institutions to access Zodia Custody’s bank-grade custody solutions through Metaco. The expanded collaboration between the two companies follows a longstanding strategic relationship and is designed to further build out networked options for institutional investors, enabling them to gain additional secure, reliable and compliant end-to-end digital asset service capabilities.”
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Emeren Group Ltd is a company that develops, builds, operates, and sells solar energy projects. The company is headquartered in Stamford, Connecticut.
Industry: MANUFACTURING
Sector: SEMICONDUCTORS & RELATED DEVICES
Market Cap: 134.80M
Dividend Yield: None
Beta (5Y Monthly): -0.31
Shares Outstanding: 1.915M
EPS: -0.163
Volume: 103.577M
PE Ratio: 5.33
Forward PE: -0.924
PEG Ratio: -0.112
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