Bloomberg reports Standard Chartered is weighing a takeover of crypto custodian Zodia, with sources saying a deal could be announced as early as this month; the bank declined to comment.
Ethena has expanded its custody framework with Kraken, Anchorage and Zodia to safeguard about $5 billion in stablecoin assets as backing shifts into treasury assets. The move is designed to add institutional-grade custody and reassure markets amid the protocol's asset transition.