The bank will provide this service to institutional and accredited corporate investors, adhering to regulatory standards.
By Olivier Acuna|Edited by Jamie CrawleyOct 8, 2026, 5:32 a.m. EDT2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Singapore. (Jayiayli/Unsplash)SummaryShow- Standard Chartered aims to provide custody services in Singapore for selected cryptocurrencies, stablecoins, and tokenized real-world assets, in compliance with regulatory requirements.
- The offering will cater to institutional clients and accredited corporate investors, broadening the bank’s custody services across major financial hubs.
- The bank has yet to disclose which assets will be supported or the timeline for the launch.
Standard Chartered is set to introduce a custody service in Singapore that will encompass certain cryptocurrencies, stablecoins, and tokenized real-world assets, thereby enhancing its digital asset portfolio that already spans key financial centers like the United Arab Emirates (UAE), Luxembourg, and Hong Kong.
This service, which will comply with relevant regulatory requirements, is intended for institutional clients and accredited corporate investors, the bank announced on Thursday. It will be integrated into Standard Chartered's financing and securities services rather than being a retail-focused crypto product.
“Secure and regulated custody is a critical foundation of the digital asset ecosystem,” stated Ole Matthiessen, Standard Chartered’s global head of transaction services and digital assets. “As client demand continues to grow, we will keep investing in our digital assets capabilities across key financial centers.”
This initiative is not unprecedented among global banks; for instance, BNY has expanded its digital asset custody platform to include services for USDC custody and minting, and subsequently added staking.
Nonetheless, this move extends Standard Chartered’s custody offerings to Singapore, a significant hub for wealth management and digital assets in Asia, explicitly covering stablecoins and tokenized assets along with cryptocurrencies.
Standard Chartered has been enhancing its business through its custody division, Zodia. In May, the bank agreed to acquire the remaining shares of Zodia Custody, a company it co-founded with Northern Trust, and last month it began offering institutional trading of spot bitcoin and ether via its Dubai branch’s foreign exchange platform.
In Singapore, the bank indicated that the upcoming custody service would support clients throughout the entire asset lifecycle, from securing traditional assets to issuing and managing tokenized versions of those assets.
Patrick Lee, Standard Chartered’s CEO for Singapore, noted that the bank is witnessing increasing institutional demand for reliable infrastructure to manage and protect tokenized assets. However, the announcement did not specify which crypto assets, stablecoins, or tokenized products the service will support or the expected launch date.