Report: SBI Holdings and Standard Chartered-Backed Zodia Custody to Exit Japan Joint Venture

According to a recent report, Zodia Custody, a digital asset custody firm backed by both SBI Holdings and Standard Chartered, is preparing to exit its joint venture in Japan. Sources indicate that the decision is part of a re-evaluation of the company’s strategy and future direction in light of ongoing changes in the cryptocurrency market. Specific details surrounding the reasons for this withdrawal or the next steps have not been disclosed, but further information is expected to be released soon. This development raises questions about the future of digital asset custody operations in Japan and its impact on the competitive landscape in this sector. Investors and companies operating in this space will need to monitor developments closely to assess potential impacts and make appropriate decisions. Zodia Custody remains committed to providing high-quality services in other markets around the world, and is working to develop innovative solutions to meet the growing needs of its clients.