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🟨STANDARD CHARTERED ACQUIRES ZODIA MARKETS

🟨STANDARD CHARTERED ACQUIRES ZODIA MARKETS

Giorno: 09 luglio 2024 | Ora: 17:51 Standard Chartered Bank is currently in negotiations to acquire a stake in the cryptocurrency firm Zodia Markets, which is backed by billionaire Alan Howard. This move is part of the bank's plan to expand into the cryptocurrency sector. Additionally, the acquisition would allow Zodia Markets to obtain a license for investment services and focus on over-the-counter settlement operations. The company being acquired, Elwood Capital Management, is a part of Elwood Technologies and reported losses of $16.9 million in the last fiscal year. Source