Zodia's exit from SBI Venture marks a strategic shift in its global cryptocurrency custody focus

Zodia Custody has withdrawn from its joint venture with Japan’s SBI Group in 2023, which aims to provide institutional digital asset custody services. The move may reflect its strategic shift to higher demand markets such as Europe and the United States, rather than lack of confidence in Japan. SBI will continue to independently provide its hosting services and integrate Zodia's technology to ensure the continuity of customer business. This exit highlights the dynamics of the cryptocurrency custody industry, and the company will adjust its strategies based on regulatory clarity and regional needs.