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      Julian Sawyer Steps Down as CEO of Zodia Custody Amid Major Restructuring

      Julian Sawyer has announced his departure from the role of CEO at Zodia Custody, a London-based digital asset custodian supported by Standard Chartered’s venture arm, SC Ventures. Sawyer, who has been at the helm since January 2023, will transition to an advisory position as the company undergoes significant structural changes in the institutional crypto custody sector.

      Standard Chartered revealed in May 2026 its plans to acquire Zodia Custody’s regulated custody business, integrating it into the bank’s Financing and Securities Services division. This acquisition has received necessary shareholder and noteholder approvals, with the signing expected by the end of June 2026 and full completion targeted for late August. Following this integration, the Zodia Custody brand will be retired, while its institutional digital asset infrastructure will be spun off as a new entity named Zodia Solutions, in which SC Ventures will hold a majority stake.

      Sawyer's leadership at Zodia Custody follows a notable tenure as CEO of Bitstamp, one of Europe’s oldest cryptocurrency exchanges. His exit marks a continuation of leadership changes at Zodia, as John Cronin, who managed the company’s operations in Ireland, also departed earlier this year. The restructuring reflects a trend among banks to acquire established entities rather than build their own custody infrastructures, further solidifying Standard Chartered's position in the digital asset space.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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