Markets
Alan Howard-Backed Cryptocurrency Company in Talks with StanChart’s (STAN LN) Zodia
Standard Chartered Plc’s crypto subsidiary, Zodia Markets Ltd., is in talks to acquire part of a digital assets business backed by billionaire hedge fund manager Alan Howard, people familiar with the matter said.
Zodia Markets is close to a deal to buy Jersey-based Elwood Capital Management Ltd., a firm that offers over-the-counter trading and settlement services, the people said, asking not to be named because the deliberations are private. The deal is expected to close this month, one source said.