Standard Chartered to expand institutional crypto and RWA custody to Singapore
Standard Chartered is expanding its institutional custody services for cryptocurrencies, stablecoins, and tokenized assets to Singapore. This move aims to meet rising institutional demand for secure, regulated infrastructure to manage digital assets alongside traditional financial services.
Why it matters
As major global banks integrate digital asset custody, it marks a significant step toward the mainstream institutional adoption of blockchain-based financial products.
The service, which remains subject to applicable regulatory requirements, would be available to institutional clients and accredited investor corporate clients, the bank said Thursday . It would sit within Standard Chartered’s financing and securities-services business rather than operate as a retail crypto product.
“Secure and regulated custody is a critical foundation of the digital asset ecosystem,” Ole Matthiessen, Standard Chartered’s global head of transaction services and digital assets, said in a statement. “As client demand continues to grow, we will continue investing in our digital assets capabilities across key financial centers.”
The move is not a first for a global bank. BNY, for example, expanded its digital-asset custody platform to include USDC custody and minting, and later added staking .
However, it does expand Standard Chartered’s custody offering to Singapore, one of Asia’s key wealth-management and digital-asset centers, and explicitly covers stablecoins and tokenized assets alongside crypto.
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