Zodia Custody and SBI Holdings mutually dissolve their joint venture, citing differing priorities, with SBI emphasizing its continued commitment to the custody and Asian market strategies.
Zodia Custody, supported by Standard Chartered, has ended its two-year joint venture with SBI Holdings, citing differing priorities. Despite this dissolution, SBI Holdings affirmed that it remains focused on its custody business and Asian market strategy. No progress was made in the discussions with Japan's Financial Services Agency regarding local registration before the partnership's termination.