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Alan Howard-Backed Crypto Firm in Deal Talks for StanChart’s Zodia (STAN LN)

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11 months ago

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Chartered Standard Plc’s cryptocurrency subsidiary Zodia Markets Ltd. is in talks to acquire part of a digital assets business backed by billionaire hedge fund manager Alan Howard, people familiar with the matter said.

Zodia Markets is nearing a deal to buy Jersey-based Elwood Capital Management Ltd., which offers over-the-counter trading and settlement services, the people said, asking not to be identified because the discussions are private. The deal is expected to close this month, one person said.

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