This summary reflects reported details and acknowledges that the restructuring specifics were not fully disclosed.

The move would represent one of the early major-bank efforts to consolidate digital-asset custody within traditional banking divisions.

Minority stakes in Zodia Custody are held by SBI Holdings, National Australia Bank, and Emirates NBD, and it’s not clear if these shareholders have been consulted.

Standard Chartered is reportedly considering restructuring its majority-owned crypto custodian Zodia Custody by folding its custody operations into a division within the bank’s Corporate and Investment Bank, while keeping Zodia as an independent SaaS platform for digital asset custody.

Zodia Custody would continue as a standalone SaaS business for crypto custody after the integration, offering white-label custody to third-party banks in seven locations and supporting more than 75 assets, with its internal custody functions folded into Standard Chartered’s CIB.

The plan aims to eliminate duplication of custody functions between CIB and Zodia, potentially improving operational efficiency as digital asset services expand within the bank.

Bloomberg reports the information and notes that disclosures could be pending.

Standard Chartered has also signed an MoU with Hana Financial Group of South Korea to explore joint stablecoin ventures, following reports that Hong Kong may issue one of its first stablecoins.

Cointelegraph reached out to Standard Chartered and Zodia but had not received a response by publication.

The restructuring reflects a broader industry trend of moving crypto custody into regulated banking operations as regulatory clarity improves globally.

It is unclear whether talks have been held with Zodia’s minority investors, including Northern Trust, Emirates NBD Bank, National Australia Bank, and SBI Holdings, about the restructuring.

The potential restructure could be announced as soon as April 2026 and would integrate Zodia’s custody into the bank’s institutional offerings, though consultations with minority shareholders remain uncertain.