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Walkers advise on the acquisition of Elwood Capital Management Ltd by Zodia Markets

Aug 20, 2024

Announcement
Blue and purple smoke swirled in the water.

Walkers advise on the acquisition of Elwood Capital Management Ltd by Zodia Markets

Walkers' Jersey team have advised Zodia Markets ("Zodia"), a digital asset trading business backed by Standard Chartered, on its acquisition of Elwood Capital Management Ltd ("ECML"), a digital asset OTC trading business based in Jersey. Walkers acted as Jersey transaction counsel to Zodia, working alongside Eversheds Sutherland (UK counsel to Zodia) and the internal Zodia legal team. 

Zodia's acquisition of ECML is another significant step in their ongoing expansion strategy as a leading institutional digital asset trading business, with ECML providing liquidity solutions to its global client base and being a regulated presence in Jersey. Following the acquisition, ECML will be known as "Zodia Markets (Jersey) Limited". 

The Walkers team was led by partners Dilmun Leach (corporate and regulatory) and Daniel Read (employment). Partner Dilmun Leach commented: 

“It was great working with Zodia and the team at Eversheds Sutherland on Zodia’s acquisition of ECML, which saw our team advise on all aspects of Jersey law from the buyer side. This purchase will add to Zodia’s already industry-leading position in the institutional digital asset space and marks their entrance into the Jersey market.”  

Also advising were senior counsel Gemma Palmer, senior associates Luke Steele and Ellen Jarvis and associate Charlotte Beal. 

Corporate, Mergers & AcquisitionsJersey

Media contacts

Jenny Kokolas

Jenny Kokolas

Communications Manager - Global

T/+44 20 7220 4999
M/+44 (0)7301 272 247
E/Email Jenny Kokolas

Key contacts

Get in touch with our team

Dilmun Leach
Dilmun Leach

Dilmun Leach

Partner, Walkers (CI) LP

Jersey

T

+44 (0) 1534 700 783

M

+44 (0) 7797 912 371

E

Email Dilmun Leach
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Daniel Read
Daniel Read

Daniel Read

Partner

Jersey

T

+44 (0) 1534 700 764

M

+44 (0) 7797 792 887

E

Email Daniel Read
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Gemma Palmer
Gemma Palmer

Gemma Palmer

Senior Counsel

Jersey

T

+44 (0) 1534 700 885

E

Email Gemma Palmer
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Luke Steele
Luke Steele

Luke Steele

Senior Associate

Jersey

T

+44 (0) 1534 700 720

M

07797 863881

E

Email Luke Steele
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Ellen Jarvis
Ellen Jarvis

Ellen Jarvis

Senior Associate

Jersey

T

+44 (0) 1534 700 827

M

07797 743879

E

Email Ellen Jarvis
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Charlotte Beal

Charlotte Beal

Associate

Jersey

T

+44 (0) 1534 700 772

E

Email Charlotte Beal
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