Standard Chartered · CoinDesk
Zodia Custody CEO Julian Sawyer steps down, becomes adviser
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Julian Sawyer is stepping down as CEO of Zodia Custody and moving into a strategic-adviser role as the digital-asset custodian prepares to split its operations, according to an internal memo to staff seen by CoinDesk.
Key facts
- Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume
- Current executives Craig Perrin and Anoosh Arevshatian will lead the development of Zodia Solutions
- I believe this is the right point for me to hand over day-to-day leadership while remaining closely involved,” Sawyer said in the Sept. 10 memo
- Richard Clark, Zodia Custody’s chief revenue officer, will lead the business through its transition into Standard Chartered and take responsibility for the custody operation, according to the memo
Summary
Julian Sawyer is stepping down as CEO of institutional crypto custodian Zodia Custody and moving into a strategic-adviser role. Sawyer was due to become CEO of Zodia Solutions once Standard Chartered completed its acquisition of Zodia Custody’s custody business. The transaction was expected to close by the end of August, but remains subject to regulatory approvals and customary closing conditions. Sawyer told employees on Thursday that the pending acquisition of Zodia’s custody business by Standard Chartered and the establishment of Zodia Solutions created a natural point to hand over day-to-day leadership.