Zodia CEO Predicts All Banks Will Soon Hold Digital Assets Amid Standard Chartered Acquisition
Every single bank will soon need to hold digital assets, says Zodia CEO Julian Sawyer

Image: Coindesk
Julian Sawyer, CEO of Zodia Custody, asserts that all banks will need to hold digital assets as Standard Chartered prepares to fully acquire Zodia Custody by August. This acquisition reflects a broader trend where banks are integrating established crypto platforms to enhance their digital asset capabilities amidst evolving regulations.
- 01Standard Chartered is set to complete its acquisition of Zodia Custody by the end of August, merging its digital custody operations.
- 02Julian Sawyer emphasizes that banks can no longer develop institutional-grade digital asset custody without reliable technology.
- 03Sawyer notes that the crypto sector is maturing, with a shift towards real-world asset tokenization and stablecoin payments.
- 04Zodia Custody's annual revenue is estimated at approximately $34.6 million, with total funding around $46 million.
- 05Regulatory convergence is occurring globally, with significant advancements in Asia and the Middle East.
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Julian Sawyer, CEO of Zodia Custody, predicts that every bank will soon be required to hold digital assets, a sentiment underscored by Standard Chartered's impending full acquisition of Zodia Custody, expected to finalize by the end of August. This acquisition is part of a larger trend where traditional banks are moving away from in-house digital asset experiments and opting to acquire established crypto platforms. Sawyer describes this shift as a 'major validation' of the need for banks to adopt trusted technology for digital asset custody, tokenization, and stablecoin payments. He highlights the maturity of the crypto industry, noting that banks must adapt to these changes to maintain trust and security in financial transactions. The acquisition will see Zodia Custody's operations merge with Standard Chartered's existing digital custody business, while a new entity, Zodia Solutions, will continue to focus on software and infrastructure. Sawyer also points out the global regulatory landscape is evolving, with significant progress in regions like Asia, indicating that banks worldwide will soon need to engage with digital assets.
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The acquisition will likely enhance the digital asset capabilities of Standard Chartered, influencing how banks manage digital assets globally.
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