International law firm Clifford Chance has advised leading crypto asset servicing provider Zodia Custody, and its majority shareholder Standard Chartered, on Zodia Custody’s Series A fundraising. Japanese investor SBI Holdings led the round.

Zodia Custody, based in London, provides crypto asset services to institutional investors around the globe, enabling institutions to invest safely and securely in crypto assets. The proceeds of the fundraising will support the next phase of Zodia Custody’s growth.

Jennifer Chimanga, Tech M&A partner at Clifford Chance, commented: “This transaction signifies the continued maturation of the crypto markets and we are delighted to have supported a leading crypto asset service provider in achieving a successful fundraise in extremely challenging market conditions.”

The Clifford Chance team advising Zodia Custody and Standard Chartered was led by Tech M&A partner Jennifer Chimanga, with support from Tech M&A associates Chris Grey (senior associate), Hudson Archer and Karim Vellani, Diego Ballon Ossio (senior associate) supported on financial regulatory matters and Erik O’Connor (partner), Tom Masters (associate) and Ryan Wong (consultant) supported on UK and Hong Kong Listing Rules.