Standard Chartered · Singapore · United Kingdom · South Korea · Bitcoin Magazine
Standard Chartered to Offer Digital Asset Custody in Singapore
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The bank already offers bitcoin custody in other countries.
Key facts
- Singapore is an important centre for financial innovation, with a strong institutional ecosystem and growing demand for trusted digital asset solutions,” Patrick Lee, CEO, Singapore and CEO, ASEAN &
- Tokenization is a hot topic on Wall Street as several traditional finance firms do deals with crypto companies, mostly to bring stocks on the blockchain to allow for 24-7 trading
- In 2025, Standard Chartered set up a trading desk for bitcoin and other cryptocurrencies in London, making it one of the first global banks to enter spot cryptocurrency trading
- And last month, Germany’s Deutsche Bank said it plans to launch a custody service for bitcoin, ether and select stablecoins for European corporate and institutional clients later in 2026, pending
Summary
Standard Chartered plans to offer crypto custody services for institutional clients in Singapore, the British multinational has said. Institutional and corporate clients increasingly want secure, regulated, bank-grade custody for digital assets, the bank said Thursday. “Singapore is an important centre for financial innovation, with a strong institutional ecosystem and growing demand for trusted digital asset solutions,” Patrick Lee, CEO, Singapore and CEO, ASEAN & South Asia, Standard Chartered, said. “Robust infrastructure will be critical to supporting the secure movement, safekeeping, and servicing of tokenised assets at an institutional scale.” Standard Chartered added the custody service would be for “selected cryptoassets, stablecoins and tokenized real-world assets.”