Zodia Markets, backed by Standard Chartered, has acquired Elwood Capital Management Ltd's digital asset over-the-counter (OTC) trading unit from Elwood Technologies. 

The acquisition will enable Elwood Technologies to concentrate 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 rebrand the acquired entity as Zodia Markets Jersey Ltd.

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