Crypto Briefing • October 8th 2026, 2:29 AM
Standard Chartered steps up digital asset custody offering in Singapore
Key Summary
Standard Chartered is expanding its digital asset custody services to Singapore, offering a regulated framework for both traditional and crypto assets. The bank has over 160 years of institutional experience and USD2.2 trillion in total assets under custody. This move is part of its plan to offer digital asset custody services in key financial hubs, including the UAE, Luxembourg, and Hong Kong, by mid-2026.
Please see our real time news feed on our Home Page
Introduction
Standard Chartered is adding digital asset custody services in Singapore, putting crypto and traditional assets under the same regulated framework.Background
The bank's custody product keeps client assets segregated and offers statutory protections that mirror those available for traditional assets.Experience and Partnerships
Standard Chartered's digital asset custody services point to USD2.2 trillion in total assets under custody and more than 160 years of institutional experience.Expansion Plans
Services are set to be offered from other key financial hubs, including the UAE, Luxembourg, and Hong Kong, by mid-2026.Acquisition of Zodia Custody
In May 2026, Standard Chartered announced it would acquire Zodia Custody's regulated custody business, contingent on requisite approvals.Anchorage Partnership
In October 2026, Standard Chartered partnered with Anchorage Digital Singapore, adding institutional USD accounts and SWIFT transfer capabilities for digital assets.Regulatory Environment
The Monetary Authority of Singapore (MAS) oversees custodians and imposes strict requirements covering licensing, asset segregation, risk management, and cybersecurity.#Singapore#Crypto#US#DigitalAssetCustody