Standard Chartered Crypto Custody Is Planned for…
By Tobi Opeyemi Amure
AI summary of the source article
Standard Chartered has announced plans to provide custody services for selected cryptoassets, stablecoins, and tokenized real-world assets in Singapore for institutional and accredited corporate clients. Placed within its Financing and Securities Services division, the offering aims to combine traditional asset servicing with digital asset safekeeping. The launch remains subject to applicable regulatory requirements, with no specific launch date or supported asset list disclosed yet. This Singapore expansion follows Standard Chartered's existing crypto custody footprints in the UAE, Luxembourg, and Hong Kong, as well as its earlier absorption of Zodia Custody's regulated business into bank infrastructure.
Why it matters
The move reflects global systemically important banks positioning themselves to control institutional digital asset custody and client relationships by integrating crypto safekeeping directly alongside traditional asset servicing.
Key facts
- Standard Chartered plans to custody selected cryptoassets, stablecoins, and tokenized real-world assets for institutional and accredited corporate clients in Singapore.
- The service will be housed within the bank's Financing and Securities Services business, subject to regulatory requirements.
- Standard Chartered already operates crypto custody services in the United Arab Emirates, Luxembourg, and Hong Kong.