Standard Chartered to launch Singapore crypto custody — SkimNews
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- Standard Chartered plans to offer custody in Singapore for selected cryptocurrencies, stablecoins and tokenized real-world assets, subject to regulatory requirements, targeting institutional and accredited-investor corporate clients.
- Standard Chartered did not disclose which specific crypto assets, stablecoins or tokenized products the service will support, nor when it will begin operating.
- Ying Ying Tan, the bank's global head of digital assets and securities services, said client interest is growing around tokenised funds, ETFs and precious metals, framing the Singapore launch as a bridge between traditional and digital markets.
- Standard Chartered is consolidating its digital-asset custody through subsidiary Zodia, having agreed in May to acquire the remaining stake in Zodia Custody from co-founder Northern Trust.
- Standard Chartered began offering institutional spot bitcoin and ether trading through its Dubai branch's foreign-exchange platform last month, part of a broader build-out across financial hubs.
- Patrick Lee, Standard Chartered's Singapore CEO, said the bank is seeing rising institutional demand for trusted infrastructure to move and safeguard tokenized assets, with no competitors or launch timeline named.
Why it matters: Standard Chartered is extending institutional custody to Singapore — one of Asia's key wealth and digital-asset centers — with a mandate that explicitly bundles stablecoins and tokenized real-world assets alongside crypto, not just standalone tokens. The bank disclosed no supported assets or launch date, leaving practical scope unclear despite the institutional pitch and the bank's stated build-out across Dubai, Hong Kong and Luxembourg.
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