According to Finextra, Zodia Custody, a subsidiary of Standard Chartered Bank, and SBI Digital Asset Holdings (SBI DAH) have established a joint venture in Japan to provide cryptocurrency custody services to institutional clients after obtaining a license from the Japanese financial regulator. SBI DAH is a company under SBI Holdings that oversees and operates digital asset-related businesses. SBI DAH's subsidiaries include SBI Securities Solutions (Japan), SBI Digital Markets (Singapore), and AsiaNext (Singapore), a joint venture with SIX Group, among others.