Standard Chartered is reviewing a plan to bring parts of Zodia Custody, a crypto custodian in which it holds a majority stake, into its investment banking unit. The bank is considering moving Zodia’s custody business into an in-house team that provides related services within its corporate and investment bank, while leaving Zodia to operate independently as a software-as-a-service platform for digital asset custody. A restructuring announcement could come this month.

Dubai Insurance has launched a digital wallet that allows customers to pay insurance premiums in cryptocurrency and receive claims payouts in digital assets, Cointelegraph reported on Jan. 28 local time. The wallet is built on Zodia Custody infrastructure and operates under UAE regulation. Zodia Custody executive Jane Suren said insurers need trusted infrastructure as digital asset adoption accelerates. Cointelegraph said supported assets and coverage across products have not been disclosed.