Standard Chartered-backed crypto trading platform Zodia Markets completes $18.25M funding round

Standard Chartered's crypto trading platform, Zodia Markets, has completed a $18.25M funding round led by Pharsalus Capital, with participation from Circle Ventures, Token Bay Capital, XVC Tech, and others. Following the funding, Standard Chartered's stake has decreased from 84% to approximately 60%. Zodia Markets focuses on providing compliant digital asset trading services to institutions. [Bloomberg]