Schroders Seeks a Crypto Custodian for Digital-Asset Push
- Schroders had sought board member with experience in crypto
- Firm acquired stake in digital-asset manager Forteus last year
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Schroders Plc is seeking to hire a third-party custodian for cryptocurrencies, people with knowledge of the matter said, as the £738 billion ($916 billion) asset manager prepares an expansion into digital assets.
Zodia Custody Ltd., majority owned by Standard Chartered Plc, is among the companies that have been shortlisted by Schroders as potential suppliers, said one of the people, who asked not to be identified discussing a confidential process.