Standard Chartered-backed Zodia Custody, a leading global digital asset custodian, has ended its joint venture in Japan with SBI Digital Asset Holdings. The partnership was originally established to provide crypto asset custody services tailored to institutional clients in Japan, a market recognized for its advanced regulatory environment and growing interest in digital assets.

The joint venture, owned jointly by Zodia Custody and SBI Digital Asset Holdings, aimed to address the needs of institutional investors seeking secure and compliant crypto custody solutions. By leveraging both firms’ technical expertise and operational experience, the venture sought to set new standards for digital asset safekeeping and broaden the range of custodial services in Japan’s financial sector.

Zodia Custody, a subsidiary of Standard Chartered and backed by Northern Trust, has positioned itself as a trusted provider for institutions investing in digital assets globally. The collaboration with SBI was intended to bring this experience and security to the Japanese market, supporting the participation of more institutions in the rapidly evolving crypto ecosystem.

The termination of this joint venture marks a shift in strategy for both companies as they reassess their approach to serving the Japanese digital asset market. Despite the closure, both Zodia Custody and SBI Digital Asset Holdings remain committed to exploring future opportunities in digital asset custody and infrastructure, reflecting ongoing momentum and institutional interest in the sector.