announcement<\/a>, the proposed offering will operate alongside its existing Financing & Securities Services business, allowing clients to manage traditional and tokenized assets through its banking infrastructure.<\/p>\nThe service remains subject to applicable regulatory requirements. Standard Chartered has not provided a launch date or identified the specific digital assets it intends to support.<\/p>\n
The bank currently operates digital asset custody services in the UAE, Luxembourg and Hong Kong, with the Singapore proposal forming part of its ongoing investment in institutional digital asset infrastructure.<\/p>\n
Standard Chartered to combine crypto custody with securities services<\/h2>\n
Under the proposed arrangement, Standard Chartered intends to bring digital asset custody into its established asset servicing operations in Singapore.<\/p>\n
Institutional customers would be able to access safekeeping services for conventional financial assets alongside custody arrangements for cryptocurrencies and tokenized assets.<\/p>\n
The bank said its existing Financing & Securities Services business would provide the operational foundation for the new offering.<\/p>\n
Services are expected to cover different stages of an asset\u2019s lifecycle, including custody and servicing after assets have been tokenized.<\/p>\n
Tokenized real-world assets are conventional financial assets represented digitally on blockchain networks. Their custody can involve safeguarding digital tokens while maintaining the records and servicing arrangements associated with the underlying assets.<\/p>\n
<\/p>\n
Standard Chartered has not disclosed which tokenized instruments would qualify for its Singapore service or whether the offering would include settlement and transfer functions beyond custody.<\/p>\n
Patrick Lee, CEO of Singapore and CEO of ASEAN & South Asia at Standard Chartered, described Singapore as an important financial innovation center with growing institutional demand for digital asset services.<\/p>\n
\u201cSingapore is an important centre for financial innovation, with a strong institutional ecosystem and growing demand for trusted digital asset solutions,\u201d Lee said.<\/p>\n
He added that reliable infrastructure would be necessary to handle the movement, safekeeping and servicing of tokenized assets as institutional activity develops.<\/p>\n
The planned service will be directed at institutional and accredited investor corporate clients, with no retail offering mentioned in the announcement.<\/p>\n
Zodia Custody acquisition supports the bank\u2019s digital asset operations<\/h2>\n
Standard Chartered\u2019s Singapore proposal follows its efforts to bring specialist crypto custody operations into its existing banking business.<\/p>\n
In May 2026, the bank agreed to acquire Zodia Custody\u2019s regulated custody business after the company\u2019s shareholders and noteholders accepted a nonbinding offer.<\/p>\n
As previously reported by crypto.news, the proposed transaction would integrate Zodia\u2019s regulated custody activities into Standard Chartered\u2019s Financing & Securities Services division.<\/p>\n
The agreement included plans to establish Zodia Solutions as a separate platform under SC Ventures, providing digital asset infrastructure to banks and other financial institutions.<\/p>\n
The transaction remained subject to regulatory approvals and customary closing conditions when it was announced.<\/p>\n
Standard Chartered helped establish Zodia Custody in 2020 alongside Northern Trust. Other investors in the business include SBI Holdings, Emirates NBD and National Australia Bank.<\/p>\n
In June 2026, Zodia Custody secured a Luxembourg payment institution license from the Commission de Surveillance du Secteur Financier.<\/p>\n
The authorization complemented its existing Markets in Crypto Assets license and allowed the company to provide regulated custody and transfer services for stablecoins across the European Union.<\/p>\n
Zodia said the combination of licenses would help institutional clients manage electronic money tokens and other cryptoassets within a regulated framework.<\/p>\n
At the time, the company said separate custody and transfer providers could create operational complications and counterparty exposure for institutions.<\/p>\n
Zodia already held regulatory permissions in several markets, including Singapore, Hong Kong, the UAE, Australia and the UK<\/p>\n
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