Fintech
Zodia Markets Acquires Elwood’s Digital Assets OTC Business
July 19, 2024
Written by FinTech Alliance in Financial Technology
Standard Chartered-backed Zodia Markets has acquired Elwood Capital Management Ltd’s over-the-counter (OTC) digital asset trading business from Elwood Technologies.
The acquisition will allow Elwood Technologies to focus on its institutional-grade SaaS products, including a portfolio and risk management system and an execution management system. Zodia Markets aims to diversify and expand its service offerings and plans to rename the acquired entity as Zodia Markets Jersey Ltd.