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]

On July 28, according to official news, Zodia Markets, a cryptocurrency trading company controlled by Standard Chartered Bank (STAN), announced the completion of a $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]

Standard Chartered's Zodia Markets Completes $18.25M Series A Funding Round, With Participation From Circle Ventures and Others

On 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]

<p>Zodia Markets Ltd., a cryptocurrency subsidiary of Standard Chartered PLC, has announced the completion of a $18.25M funding round. This round was led by New York venture capital firm Pharsalus Capital, with participation from several institutions including Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, and Human Capital. (Bloomberg)</p> [Odaily]

SOSO

Standard Chartered's crypto subsidiary, Zodia Markets, completes $18.25M in funding, led by Pharsalus Capital

According to Bloomberg, Standard Chartered PLC's crypto trading platform, Zodia Markets Ltd., has announced the completion of a $18.25M funding round. This round was led by New York venture capital firm Pharsalus Capital, with participation from Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, and Human Capital, among others. [ChainCatcher]

Standard Chartered's crypto trading platform, Zodia Markets, completes $18.25M funding round, led by Pharsalus Capital

July 28, Bloomberg reported that Zodia Markets Ltd., a cryptocurrency subsidiary of Standard Chartered PLC, announced the completion of a $18.25M funding round. This round was led by New York venture capital firm Pharsalus Capital, with participation from Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital, and Human Capital, among other institutions. [Techflow]

Standard Chartered's crypto subsidiary, Zodia Markets, completes $18.25M funding round, led by Pharsalus Capital.

PANews reported on July 28 that, according to Bloomberg, Standard Chartered Bank's crypto trading platform Zodia Markets has completed a $18.25 million financing 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 Bank's shareholding ratio dropped from 84% to 60%.
Zodia Markets was established in 2021 and provides cryptocurrency over-the-counter brokerage services. The new funds will be used to expand the East Asian, Latin American and US markets, and expand the stablecoin business. The company currently has a team of about 50 people, emphasizing a profit-first strategy to avoid expansion at all costs. [PANews]

Standard Chartered Bank's crypto trading platform Zodia Markets completes $18.25 million in financing

According to Bloomberg, 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 financing, Standard Chartered's shareholding ratio decreased from 84% to approximately 60%. Zodia Markets focuses on providing compliant digital asset trading services to institutions. [Foresight News]

CRCL

Standard Chartered's Crypto Trading Platform Zodia Markets Completes $18.25M Funding Round

On July 28 (UTC+8), Standard Chartered's crypto trading platform, Zodia Markets, completed a $18.25M funding round led by Pharsalus Capital, with participation from Circle Ventures, Token Bay Capital, XVC Tech, and others. Following the financing, Standard Chartered's shareholding ratio decreased from 84% to approximately 60%. Zodia Markets focuses on providing compliant digital asset trading services to institutions. (Source: Mlion.ai) [MetaEra]

Standard Chartered's Zodia Markets Completes $18.25M Funding Round

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

Standard Chartered PLC’s crypto subsidiary Zodia Markets Ltd. has raised $18.25 million in a funding round that will reduce the financial group’s stake in the digital asset trading platform. The investment was led by New York-based venture capital firm Pharsalus Capital with participation from investors including Circle Ventures, The Operating Group, XVC Tech, Token Bay Capital and Human Capital, Zodia Markets said in a statement on Monday.

StanChart’s Crypto Arm Zodia Markets Raises $18 Million

Standard Chartered的加密货币交易平台Zodia Markets完成了由Pharsalus Capital领投的1825万美元融资，Circle Ventures、Token Bay Capital、XVC Tech等机构也参与了此次融资。融资完成后，Standard Chartered的持股比例由84%降至约60%。Zodia Markets专注于为机构提供合规的数字资产交易服务。[Bloomberg]

获得Standard Chartered支持的加密货币交易平台Zodia Markets完成了1825万美元的融资轮

Standard Chartered的加密貨幣交易平臺Zodia Markets完成了由Pharsalus Capital領投的1825萬美元融資，Circle Ventures、Token Bay Capital、XVC Tech等機構也參與了此次融資。融資完成後，Standard Chartered的持股比例由84%降至約60%。Zodia Markets專注於爲機構提供合規的數字資產交易服務。[Bloomberg]