Standard Chartered expands digital asset custody to Singapore for institutional clients

Standard Chartered 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. “Secure and regulated custody is a critical foundation of the digital asset ecosystem,” Ole Matthiessen, Standard Chartered’s global head of transaction services…