{"id":79249,"date":"2026-10-08T19:25:10","date_gmt":"2026-10-08T19:25:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/banking-giant-standard-chartered-expands-crypto-custody-to-singapore\/"},"modified":"2026-10-08T19:25:10","modified_gmt":"2026-10-08T19:25:10","slug":"banking-giant-standard-chartered-expands-crypto-custody-to-singapore","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/banking-giant-standard-chartered-expands-crypto-custody-to-singapore\/","title":{"rendered":"Banking Giant Standard Chartered Expands Crypto Custody to Singapore"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Finance behemoth Standard Chartered unveiled its Singapore crypto custody plans on Thursday, targeting institutional clients.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The bank\u2019s digital asset footprint already spans three major markets, with Singapore next in line.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Standard Chartered targets a 2026 launch, but regulatory requirements and asset selection remain unresolved.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Standard Chartered Eyes Singapore Crypto Custody<\/h2>\n<p><a href=\"https:\/\/news.bitcoin.com\/market-updates\/standard-chartered-forecasts-10-arb-as-arbitrum-revenue-grows\/\">Standard Chartered<\/a> is bringing another piece of its digital asset business to Asia, with plans to offer cryptocurrency custody services in Singapore before the end of 2026. The banking heavyweight wants to safeguard selected crypto assets, stablecoins, and tokenized RWAs for institutional customers, putting digital holdings alongside the traditional securities it already services.<\/p>\n<p>However, the service isn\u2019t operating yet, regulatory requirements still apply, and the bank hasn\u2019t identified which cryptocurrencies will make the cut. Even so, the announcement adds another financial center to Standard Chartered\u2019s growing institutional crypto operation.<\/p>\n<h2>Standard Chartered Sets Its Sights on Singapore\u2019s Digital Asset Market<\/h2>\n<p>In its <a href=\"https:\/\/www.sc.com\/en\/media\/press-releases\/\" target=\"_blank\" rel=\"noopener noreferrer\">Oct. 8 announcement<\/a>, Standard Chartered Bank (Singapore) Limited outlined plans to introduce custody services for institutional clients and corporate customers qualifying as accredited investors. Retail cryptocurrency holders aren\u2019t part of the arrangement. The proposed offering will operate within the bank\u2019s Financing and Securities Services division, combining conventional asset servicing with tokenization and digital asset custody.<\/p>\n<p>Rather than building an entirely separate crypto operation, Standard Chartered wants institutions to manage traditional and digital holdings through an integrated banking relationship. Patrick Lee, Standard Chartered\u2019s CEO for Singapore, ASEAN and South Asia, explained that the city-state offers fertile ground for the expansion. Lee said:<\/p>\n<blockquote>\n<p>\u201cSingapore is an important center for financial innovation, with a strong institutional ecosystem and growing demand for trusted digital asset solutions.\u201d<\/p>\n<\/blockquote>\n<p>He added that infrastructure capable of safeguarding tokenized holdings would become increasingly important as institutions expand their participation. \u201cRobust infrastructure will be critical to supporting the secure movement, safekeeping, and servicing of tokenized assets at an institutional scale,\u201d Lee detailed.<\/p>\n<h2>Banking Giant Builds on Existing Crypto Operations<\/h2>\n<p>Standard Chartered <a href=\"https:\/\/news.bitcoin.com\/hong-kong-grants-first-stablecoin-licences-to-hsbc-standard-chartered-consortium\/\">isn\u2019t exactly starting from scratch<\/a>. The bank already maintains institutional digital asset infrastructure in the UAE, Luxembourg, and Hong Kong, and its Singapore ambitions extend a broader campaign to bring cryptocurrency services into conventional banking.<\/p>\n<p>In July 2025, Standard Chartered launched deliverable spot trading for bitcoin and ether through its U.K. branch, targeting institutional investors and corporate customers. The move placed cryptocurrency trading directly inside a globally systemically important bank.<\/p>\n<p>The custody business has also been getting attention. In May 2026, <a href=\"https:\/\/news.bitcoin.com\/coinbase-standard-chartered-partner-to-add-6-currency-access\/\">Standard Chartered<\/a> announced that Zodia Custody shareholders and noteholders had accepted its nonbinding acquisition proposal, subject to regulatory approvals and closing conditions. That arrangement envisioned bringing Zodia\u2019s regulated custody operations into the bank\u2019s securities services division while separating its technology infrastructure into Zodia Solutions.<\/p>\n<p>The Singapore announcement doesn\u2019t confirm that the acquisition has closed, but both initiatives point toward the same destination: bringing more digital asset services under the bank\u2019s institutional umbrella.<\/p>\n<h2>Bank-Grade Custody Takes Center Stage<\/h2>\n<p>Ole Matthiessen, Standard Chartered\u2019s global head of transaction services and digital assets, described secure custody as essential infrastructure for <a href=\"https:\/\/news.bitcoin.com\/featured\/singapores-crypto-activity-hits-284-billion-as-institutional-activity-jumps-94\/\">wider institutional participation<\/a>. \u201cSecure and regulated custody is a critical foundation of the digital asset ecosystem,\u201d Matthiessen remarked. He further argued that Standard Chartered\u2019s standing as a global systemically important bank gives it an advantage when dealing with institutions that demand established safeguards.<\/p>\n<p>The Standard Chartered executive added:<\/p>\n<blockquote>\n<p>\u201cAs a GSIB we provide the trust, security, and institutional safeguards needed to support broader market participation and adoption, and we are pleased to bring this capability to Singapore.<\/p>\n<\/blockquote>\n<p>The bank isn\u2019t throwing open the doors just yet. Supported assets, pricing, technical arrangements, and a firm launch date remain undisclosed. For now, Standard Chartered has put its cards on the table, but <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/singapore-plan-would-ban-interest-on-mas-regulated-stablecoins\/\">Singapore\u2019s regulatory requirements<\/a> still stand between the announcement and an operational custody service. The bigger question is whether institutional demand will translate into meaningful adoption once the bank gets the green light.<\/p>\n<div class=\"not-prose my-3 lg:my-4\">\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden md:flex md:flex-row md:gap-3 lg:hidden\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/coinbase-plans-pro-return-with-crypto-options-and-stock-trading\/\"><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/div>\n<div class=\"overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] hidden lg:flex lg:flex-row lg:gap-4\"><a aria-hidden=\"true\" tabindex=\"-1\" class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\" href=\"https:\/\/news.bitcoin.com\/coinbase-plans-pro-return-with-crypto-options-and-stock-trading\/\"><img alt=\"Coinbase Plans Pro Return With Crypto Options and Stock Trading\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F10%2Fcoinbase-inc-150x150.jpg&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<p><\/a><\/p>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Coinbase Pro is scheduled to return at year-end as the exchange expands access to crypto options and combines trading tools\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/finance\/banking-giant-standard-chartered-expands-crypto-custody-singapore\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Finance behemoth Standard Chartered unveiled its Singapore crypto custody plans on Thursday, targeting institutional clients. The bank\u2019s digital asset footprint already spans three major markets, with Singapore next in line. Standard Chartered targets a 2026 launch, but regulatory requirements and asset selection remain unresolved. Standard Chartered [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":79250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79249"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=79249"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/79249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/79250"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=79249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=79249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=79249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}