Elwood Technologies sells OTC business to Zodia Markets, focusing on SaaS products and services.

Elwood Technologies sells its OTC business, Elwood Capital Management Ltd, to Zodia Markets in a significant deal, allowing Elwood to focus on enhancing its SaaS products and services. Zodia Markets, a UK-based digital asset trading company backed by Standard Chartered, is set to increase daily trading volumes significantly after the acquisition. Financial terms of the deal have not been disclosed.