- Standard Chartered digital asset arm, Zodia Markets, acquires Elwood Technologies’ Jersey-based OTC trading business.
- The acquisition expands Zodia Markets’ footprint and product capabilities in the digital asset trading landscape.
Zodia Markets, the digital asset trading subsidiary of Standard Chartered, has successfully acquired the over-the-counter (OTC) trading business of Elwood Technologies, based in Jersey. This strategic move strengthens Zodia Markets’ position in the digital asset space, allowing them to offer a wider range of services to institutional clients.
The acquisition of Elwood Capital Management (ECM) aligns with Zodia Markets’ goal of building a comprehensive digital asset business. It expands their capabilities, enabling them to cater to a broader client base and provide enhanced value through a diversified service offering.
For Elwood Technologies, this sale marks a strategic shift towards focusing on their core strength: providing institutional-grade software-as-a-service (SaaS) solutions for execution management, portfolio management, and risk management.
The newly acquired entity will operate as Zodia Markets Jersey Ltd., further solidifying Zodia Markets’ presence in the digital asset trading landscape.
