Standard Chartered Plc’s crypto subsidiary Zodia Markets Ltd. is in talks to acquire part of a digital-asset business backed by billionaire hedge fund manager Alan Howard, people with knowledge of the matter said.
Zodia Markets is nearing an agreement to buy Jersey-based Elwood Capital Management Ltd., which offers over-the-counter trading and settlement services, the people said, asking not to be named as deliberations are private. The deal is expected to be completed this month, one person said.
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Ryan Weeks
https://www.bloomberg.com/news/articles/2024-07-09/alan-howard-backed-crypto-firm-in-deal-talks-with-stanchart-s-zodia
2024-07-09 07:00:00
