Standard Chartered · Singapore · United Arab Emirates · Hong Kong · Bitcoin.com News
Banking Giant Standard Chartered Scales up Crypto Custody to Singapore
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Standard Chartered is preparing to bring institutional crypto custody to Singapore, expanding its digital asset operations into another major financial center.
Key facts
- In May 2026, Standard Chartered announced that Zodia Custody shareholders and noteholders had accepted its nonbinding acquisition proposal, subject to regulatory approvals and closing conditions
- 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 bank already operates digital asset infrastructure in the United Arab Emirates (UAE), Luxembourg, and Hong Kong, but its Singapore offering still awaits regulatory clearance
- Standard Chartered 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
Summary
Finance behemoth Standard Chartered unveiled its Singapore crypto custody plans on Thursday, targeting institutional clients. The bank’s 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 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.