Zodia Markets CEO Departs, Co-Founder Takes Interim Role

Usman Ahmad, CEO of institutional crypto firm Zodia Markets, has departed the company. Co-founder Nick Philpott, formerly head of partnerships, has been appointed as the interim CEO. Ahmad had led Zodia Markets since its founding in 2021 as a joint venture between SC Ventures, the venture capital arm of Standard Chartered, and OSL Group. The firm, based in London, offers institutional-grade crypto trading, an over-the-counter brokerage, an exchange platform, and stablecoin services. This leadership change occurs as Standard Chartered increasingly integrates crypto functionalities in-house, including spot trading and custody services.