Here’s a concise news-

Here’s a concise news-style summary of that update:

Zodia Custody Ends Japan Venture With SBI in Mutual Decision

Standard Chartered-backed Zodia Custody has exited its joint venture with Japan’s SBI Holdings after two years, in what both companies described as a strategic realignment.

The venture, SBI Zodia Custody, launched in 2022 with SBI holding 51% and Zodia 49%, was designed to provide institutional-grade digital asset custody services.

Zodia CEO Julian Sawyer told Bloomberg the decision was a mutual one, with each company prioritizing different strategic directions. He added that while the venture had engaged in talks with Japan’s Financial Services Agency (FSA) about registration, it never formally applied.

The move comes amid rising regulatory demands in Japan for digital asset service providers, as well as increased competition in the institutional custody space.

Do you want me to also compare this exit with Zodia’s other regional ventures (like Singapore, Hong Kong, or the UK) so you can see if it signals a wider strategy shift?