Standard Chartered's Zodia Markets Completes $18.25M Series A Funding Round, With Participation From Circle Ventures and Others
Powered by ChatGPTOn July 28, according to official news, Zodia Markets, a cryptocurrency trading company controlled by Standard Chartered Bank (STAN), announced the completion of an $18.25M Series A funding round led by Pharsalus Capital, with participation from Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, Human Capital, and other strategic investors. According to an announcement released on Monday, the Series A funding will be used to support Zodia's international expansion efforts and further develop its stablecoin payment services. Zodia targets financial institutions, providing them with a combination of wholesale financing and 24/7 digital asset trading to "redesign traditional foreign exchange capital flows through cross-border real-time stablecoin settlement," CEO Usman Ahmad said in the announcement. [BlockBeats]