Standard Chartered Plc plans to acquire the regulated crypto custody business of its majority-owned subsidiary, Zodia Custody Ltd., according to reports cited by Bloomberg. The deal is intended to bring Zodia’s custody operations into Standard Chartered’s own digital-asset custody and related activities, expanding the bank’s in-house capabilities in the sector. Cointelegraph adds that Standard Chartered will absorb Zodia Custody’s core business while Zodia Solutions is spun out, indicating a restructuring of the related entities rather than a simple transfer. The Block similarly reports that Standard Chartered will fold Zodia Custody’s crypto business into its own operations. Across the outlets, the central points are that Standard Chartered, which already has a controlling stake in Zodia Custody, is moving to consolidate the custody unit under the parent bank’s digital-asset framework and that the transaction includes a reorganization involving Zodia Solutions. The reports do not specify deal terms or timing in the material provided.