# ZodiaCustody

🚨 Zodia Custody Ends JV with SBI Holdings
Standard Chartered–backed Zodia Custody has terminated its joint venture with Japan’s SBI Holdings, two years after launch.
Background:The JV, SBI Zodia Custody, was split 51% (SBI) vs 49% (Zodia) and aimed to bring institutional-grade custody into the digital asset space.
Source： @Cointelegraph
#ZodiaCustody SBIHoldings #StandardChartered DigitalAssets #CryptoCustody

Zodia Custody and SBI terminate their joint venture in Japan.
According to HashChain News, Zodia Custody has announced the termination of its joint venture with SBI Holdings Inc. This digital asset custody company made this decision after two years of reconsideration. Julian Sawyer, CEO of Zodia Custody, stated that this is a mutual strategic consensus, with both parties having other priorities. SBI Zodia Custody was originally held 51% by Tokyo Financial Company and 49% by Zodia Custody. Although discussions regarding local registration with the Japanese Financial Services Agency had been ong