- Standard Chartered plans to start a crypto custody service in Singapore.
- Standard Chartered will cover cryptocurrencies, stablecoins, and tokenized real‑world assets in this service.
- Singapore’s financial directory lists Standard Chartered Bank (Singapore) Limited as a qualifying full bank and an exempt capital-markets services entity.
The Singapore bank has not announced a launch date, assets or technology partner. It also added Singapore to the custody markets that include the UAE, Luxembourg and Hong Kong.
Standard Chartered Singapore Bank said on October 8 that it plans to custody assets for institutional clients. Custody means holding and safeguarding assets on a client’s behalf.
The offering will target institutional clients and accredited investor corporate clients, subject to applicable regulatory requirements.
The bank has not disclosed a launch date, supported digital assets or technology partners. The announcement adds Singapore to its existing digital asset custody markets, which include the United Arab Emirates, Luxembourg and Hong Kong.
LATEST: 🏦 Standard Chartered plans to launch digital asset custody in Singapore for institutional clients, covering select cryptocurrencies, stablecoins, and tokenized RWAs. https://t.co/Wuhhdt6F3t
— CoinMarketCap (@CoinMarketCap) October 8, 2026
Standard Chartered Targets Institutional Crypto Custody Demand
The planned service will operate alongside Standard Chartered’s Financing and Securities Services business, bringing traditional asset servicing, tokenization and digital asset custody under its broader institutional offering.
Patrick Lee, chief executive for Singapore and for ASEAN and South Asia, said Singapore’s established institutional ecosystem and growing demand for trusted digital asset services make it an important market for the bank.
Lee described the initiative as a milestone in the bank’s preparations to deliver custody services to local clients, highlighting the importance of securely holding and servicing tokenized assets at institutional scale.
Ole Matthiessen, global head of transaction services and digital assets, said regulated custody provides a foundation for the digital asset market. He added that Standard Chartered would continue investing in digital asset capabilities across major financial centers.
Standard Chartered’s Crypto Custody Plans Leave Supported Assets & Regulatory Status Unconfirmed
Standard Chartered is planning a custody service covering selected cryptoassets, stablecoins, and tokenized real‑world assets. Standard Chartered has not yet identified which cryptocurrencies, stablecoin issuers, or tokenized investment products it will support.
The announcement also does not name any participating clients. Disclose assets under custody. Standard Chartered does not mention customers as a target audience.
Singapore’s Financial Institutions Directory lists Standard Chartered Bank (Singapore) Limited as a qualifying bank and an exempt capital‑markets services entity. Standard Chartered’s listed activities include services, fund management and dealing in capital‑market products.
The directory does not list a payment token service or a major payment institution license for Standard Chartered. The announcement does not clarify whether additional regulatory approvals or license changes are required before Standard Chartered’s planned service launches.
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