Zodia Custody, a crypto asset servicing provider for institutional investors and a subsidiary of Standard Chartered, has formed a joint venture with SBI Digital Asset Holdings Co, to establish a Japan-based crypto assets custodian for institutional clients.
Zodia Custody Limited (Zodia Custody), a crypto asset servicing provider for institutional investors and a subsidiary of Standard Chartered, has formed a joint venture with SBI Digital Asset Holdings Co, to establish a Japan-based crypto assets custodian for institutional clients.
Subject to anti-trust and foreign direct investment clearances, and licences from the Japanese regulator, the Financial Services Agency, the joint venture will act as a Japan-based crypto assets custodian, targeting institutional clients.
The joint venture, which is owned 51% by SBI DAH and 49% by Zodia Custody, is subject to anti-trust and foreign direct investment clearances, and licences from the Japanese regulator, the Financial Services Agency. It will allow both groups to expand their existing markets presence and increase their ability to provide custody services and other ancillary services for crypto assets to institutional clients.
Zodia Custody, an institutional crypto asset servicing company based in London, offers services to clients across the globe – enabling institutions to invest safely and securely in crypto assets.
SBI DAH is a company that oversees and operates digital asset-related businesses, under the umbrella of SBI Holdings. Subsidiaries of SBI DAH include SBI Securities Solutions (Japan), SBI Digital Markets (Singapore) and AsiaNext (Singapore), a joint venture with the SIX Group, among others.
