Zodia Markets, a crypto trading platform owned by Standard Chartered, completed a $18.25 million financing round led by New York venture capital firm Pharsalus Capital, with participation from Circle Ventures, Token Bay Capital, XVC Tech and others. After this round of financing, Standard Chartered shareholding ratio fell from 84% to 60%.
Founded in 2021, Zodia Markets offers cryptocurrency over-the-counter brokerage services. The new funds will be used to expand into markets in East Asia, Latin America and the United States, as well as to expand its stablecoin business. The company currently has a team size of about 50 people, emphasizing a profit-first strategy and avoiding expansion at any cost.
Zodia Markets, a crypto trading platform owned by Standard Chartered, completes $18.25 million financing
2025-07-28 10:54:29
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