Zodia Markets CEO Usman Ahmad departs, co-founder Nick Philpott named interim CEO
The Block
Usman Ahmad has left his position as CEO of Zodia Markets, and co-founder Nick Philpott will serve as interim CEO.Summary
Zodia Markets CEO Usman Ahmad has departed the institutional crypto firm, with co-founder Nick Philpott taking on the role of interim CEO. Ahmad led the company since its 2021 founding as a joint venture between Standard Chartered’s SC Ventures and OSL Group. Zodia Markets provides institutional-grade crypto trading, investment, and stablecoin services. Standard Chartered has been integrating crypto features in-house, launching a crypto custody unit and planning a prime brokerage service. While Standard Chartered remains the majority owner of Zodia, its stake was reduced to 60% during a recent funding round. The company recently raised $18.25 million in a Series A round led by Pharsalus Capital.
(Source：The Block)