Updated Oct 8, 2026, 7:14 a.m. EDTPublished Oct 8, 2026, 5:32 a.m. EDT

2 min read

Summary

Standard Chartered (STAN) plans to offer custody in Singapore for selected cryptocurrencies, stablecoins and tokenized real-world assets, expanding a digital asset business that already reaches financial hubs including the United Arab Emirates (UAE), Luxembourg and Hong Kong.

The service, which remains subject to applicable regulatory requirements, would be available to institutional clients and accredited investor corporate clients, the bank said Thursday. It would sit within Standard Chartered’s financing and securities-services business rather than operate as a retail crypto product.

“As adoption grows, we are seeing institutional use cases and client interest emerge around tokenised funds, ETFs and precious metals, as clients look for more efficient ways to hold, transfer and mobilise assets,” Ying Ying Tan, global head of digital assets and securities services at Standard Chartered told CoinDesk via email.

“Our Singapore launch further strengthens our ability to help clients bridge traditional and digital markets through secure, regulated and bank-grade infrastructure,” she added.

The move is not a first for a global bank. BNY, for example, expanded its digital-asset custody platform to include USDC custody and minting, and later added staking.

However, it does expand Standard Chartered’s custody offering to Singapore, one of Asia’s key wealth-management and digital-asset centers, and explicitly covers stablecoins and tokenized assets alongside crypto.

Standard Chartered has been building the business through its custody arm, Zodia. The bank agreed in May to acquire the rest of Zodia Custody, a firm it founded with Northern Trust, and last month began offering institutional spot bitcoin and ether trading through its Dubai branch’s foreign-exchange platform.

In Singapore, the bank said the planned custody service would support clients across the wider asset lifecycle, from safeguarding traditional assets to issuing and holding tokenized versions of those assets.

Patrick Lee, Standard Chartered’s Singapore chief executive, said the bank sees rising institutional demand for trusted infrastructure to move and safeguard tokenized assets. The announcement did not identify which crypto assets, stablecoins or tokenized products it expects to support, nor did it say when the service will begin.

UPDATE (Oct. 8, 11:14 UTC): Replaces Matthiessen quote with Tan one.

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Extracted and lightly reformatted for readability. · Source: pt