Standard Chartered expands institutional crypto custody to Singapore

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What happened

Standard Chartered has announced plans to expand institutional crypto and tokenized asset custody to Singapore. The service targets institutions and accredited corporate investors. It is subject to regulatory approval from Singapore authorities. The bank already operates a digital asset custody business in other markets, and this move brings that infrastructure into one of Asia's most scrutinized financial centers.

Why it matters

Standard Chartered is not a crypto-native firm. It is a tier-one global bank with deep relationships across APAC corporate and institutional clients. Its entry into Singapore custody signals that digital asset custody is no longer a fringe offering, it is becoming a standard product line for major banks in the region.

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Sources: CoinDesk

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