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Standard Chartered Bank subsidiary enters cryptocurrency market to expand its over-the-counter (OTC) services
Standard Chartered Bank subsidiary Zodia Markets Ltd. is currently in acquisition talks with Elwood Capital Management Ltd., a crypto asset company backed by billionaire hedge fund manager Alan Howard. It is reported that Zodia Markets plans to acquire a portion of Elwood Capital's shares, and the transaction is expected to be completed within this month.
Bloomberg reported on July 9 that Elwood Capital, a company that provides over-the-counter (OTC) cryptocurrency trading and settlement services, will bring strategic expansion to Zodia Markets.
The acquisition has the strong support of Alan Howard, a major influential figure in the financial world, whose involvement may add new development opportunities to Zodia Markets' development in the cryptocurrency market.
Bloomberg reported on July 9 that Elwood Capital, a company that provides over-the-counter (OTC) cryptocurrency trading and settlement services, will bring strategic expansion to Zodia Markets.
The acquisition has the strong support of Alan Howard, a major influential figure in the financial world, whose involvement may add new development opportunities to Zodia Markets' development in the cryptocurrency market.
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